Majority
p. 409Salvatore R. Curiale, as Superintendent of Insurance of the State of New York, Appellant-Respondent, v AIG Multiline Syndicate, Inc., et al., Defendants, and Hudson Reinsurance Company, Ltd., Respondent-Appellant. [640 NYS2d 18]
Summary judgment dismissing plaintiff’s first cause of action to recover reinsurance proceeds under a reinsurance contract between Hudson (the reinsurer) and Union Indemnity Insurance Co. (in liquidation) was warranted for the reasons stated in Matter of Union Indem. Ins. Co. ( 200 AD2d 99 , lv dismissed 84 NY2d 1026 ). The IAS Court correctly ordered Hudson to pay interest on the returned premiums (CPLR 3004; cf., e.g., Myers v Equitable Life Assur. Socy., 60 AD2d 942 ;
p. 410
Leamy v. Berkshire Life Ins. Co., 46 AD2d 965 , affd 39 NY2d 271 ). We find no basis for the imposition of sanctions against plaintiff. Concur — Milonas, J. P., Rosenberger, Ellerin, Rubin and Williams, JJ.
Cases cited
- Michigan National Bank-Oakland v. American Centennial Insurance 200 AD2d 99 p. 409
- Myers v. Equitable Life Assurance Society of the United States 60 AD2d 942 p. 409
- Leamy v. Berkshire Life Insurance 46 AD2d 965 p. 410
- Leamy v. Berkshire Life Insurance 39 NY2d 271 p. 410