Summing Up May 2018

Undefined Policy Term Leads to Summary Judgment for Plaintiffs In Smith v Safeco Ins. Co. of Am., 2018 NY Slip Op 02055 (4th Dep’t Mar. 23, 2018), the plaintiffs brought suit seeking to recover insurance proceeds after their home was damaged by water following a water main break on their street.  In their amended complaint,…

Business News for May 2018

State Legislature Passes Budget On March 30, 2018, the New York state legislature passed a $168.3 billion state budget for 2018, in what Governor Cuomo called the “most difficult budget we’ve ever done,” due to a $4.4 billion budget gap as well as “attacks” from Washington, in particular the reduction of the state and local…