Our New York readers may be interested in the Appellate Division’s ruling today on late notice disclaimers. New York’s Appellate Division ruled in AIU Ins. Co. v. Veras, ___ A.D.3d ___, Slip Op. at 136 (1st Dept. Apr. 24, 2012), that an insurer’s late notice disclaimer was untimely under N.Y. Ins. L. 3420(d) because the insurer had waited 15 days to send out a disclaimer after completing its late notice investigation. Notably, the insurer’s investigation had been brief, lasting less than two weeks after the insurer received notice of a car accident that had occurred nearly four years before. Nonetheless, the Appellate Division held that the trial court properly applied Section 3420(d) in ruling that the disclaimer was untimely.
Register Now As you are not an existing subscriber please register for your free daily legal newsfeed service.Register
If you have any questions about the service please contact email@example.com or call Lexology Customer Services on +44 20 7234 0606.
Have you noticed?
If you are interested in submitting an article to Lexology, please contact Andrew Teague at firstname.lastname@example.org.
"Lexology is a quick and useful indicator of developments in the legal sphere. It alerts me to changes taking place in the legal environment in South Africa that I may not otherwise have spotted or had immediate access...
"Lexology is a quick and useful indicator of developments in the legal sphere. It alerts me to changes taking place in the legal environment in South Africa that I may not otherwise have spotted or had immediate access to as a company lawyer. It definitely serves as a trigger for me to investigate such changes in the legal landscape in South Africa as they may affect my work and that of my employer. I believe that receiving Lexology provides me with a competitive advantage."
Dr Jürgen Fegbeutel
Legal Services Director
BMW (South Africa) (Pty) Ltd