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PARAMOUNT COMMUNICATIONS, INC. v. GIBRALTAR CAS. CO.

204 A.D.2d 241 (1994)

612 N.Y.S.2d 156

Paramount Communications, Inc., Appellant-Respondent, v. Gibraltar Casualty Company, Respondent-Appellant, and Federal Insurance Company et al., Respondents Paramount Communications, Inc., Respondent-Appellant, v. Salvatore Curiale, Appellant-Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

May 31, 1994

The IAS Court erred in denying Paramount's motion for summary judgment against Gibraltar. Paramount provided Gibraltar with timely notice of its 1984 claim in accordance with the express terms of its policy. Pursuant to the terms of the policy, Paramount was obligated to give notice to excess insurer Gibraltar as soon as practicable, but only after Paramount's Director of Risk Management reasonably concluded that damages would be large enough to reach the 1984 Gibraltar...

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