AMERICAN EMPIRE INSURANCE COMPANY v. PSM INSURANCE COMPANIES


259 A.D.2d 341 (1999)

687 N.Y.S.2d 32

AMERICAN EMPIRE INSURANCE COMPANY, Respondent, v. PSM INSURANCE COMPANIES et al., Appellants, and ROYAL INSURANCE COMPANY, Respondent.

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

Decided March 16, 1999.


This action concerns three insurance companies that issued consecutive policies on a building in which a child suffered injuries due to continuous exposure to lead based paint. The owner of the building, 2065 Grand Concourse Company, had obtained general liability insurance policies from three different companies during the relevant time period: (1) American, providing $500,000 coverage per occurrence and in the aggregate for the period February 5, 1987 to February 5, 1988...

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