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INVESTORS INS. CO. OF AM. v. HARTFORD FIRE INS. CO.

233 A.D.2d 197 (1996)

650 N.Y.S.2d 527

Investors Insurance Company of America, Respondent, v. Hartford Fire Insurance Company, Appellant

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

November 19, 1996

In this dispute between insurers, "matching clauses, which apparently have become standard in the industry, adequately manifest an intent for the application of contribution by equal shares under the circumstances" (J. P. Realty Trust v Public Serv. Mut. Ins. Co., 102 A.D.2d 68, 72, affd 64 N.Y.2d 945). Having paid the entire amount of the settlement in the underlying tort action, plaintiff...

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