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MATTER OF UNION INDEM. INS. CO. OF NEW YORK

234 A.D.2d 120 (1996)

651 N.Y.S.2d 436

In the Matter of the Liquidation of Union Indemnity Insurance Company of New York. James P. Corcoran, Superintendent of Insurance of State of New York, as Liquidator, Respondent; 43 West 61st Street Associates, Appellant

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

December 12, 1996

This action arose out of claimant's attempt to recover expenses incurred as a result of an electrical subcontractor's default in performance of its obligations under a subcontract entered into in connection with a renovation project. Union Indemnity Insurance Company, in liquidation, was the surety on both the "subcontract performance bond" and the "subcontract labor and material bond" against which the claims were made. The defaulting...

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