STATE INS. FUND v. INT'L INS. CO.


251 A.D.2d 86 (1998)

673 N.Y.S.2d 680

State Insurance Fund, Respondent, v. International Insurance Company, Appellant

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

June 9, 1998


By its terms, defendant's policy was to be triggered by a loss in excess of "the retained limit", defined as, inter alia, "the total of the applicable limits of the underlying policies listed in Schedule A hereof, and the applicable limits of any other insurance collectible by the insured". The IAS Court correctly construed this to include the total of the amounts specified for each of the polices listed in Schedule A of the...

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