SECURITY INSURANCE COMPANY OF HARTFORD v. INTERIOR CONSTRUCTION CORPORATION


307 A.D.2d 877 (2003)

763 N.Y.S.2d 748

SECURITY INSURANCE COMPANY OF HARTFORD, as Subrogee of THE DEPOSITORY TRUST COMPANY, Plaintiff, v. INTERIOR CONSTRUCTION CORPORATION, Defendant. (And a Third-Party Action.) NEW WATER STREET CORP., Fourth-Party Plaintiff-Appellant, v. THE DEPOSITORY TRUST COMPANY, Fourth-Party Defendant-Respondent.

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

Decided August 28, 2003.


Defendant Interior Construction Corporation contracted with Depository to perform renovations in the latter's commercial space in the building owned by New Water. During the renovations, Interior cut a pipe and a large flood ensued, causing the tenant occupying the space below that of Depository to sustain substantial damage. Plaintiff Security Insurance Company of Hartford, as Depository's subrogee, commenced the instant action

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