[DOWNLOAD] "Unigard Security Insurance Company v. North River Insurance Company" by Supreme Court of Pennsylvania * Book PDF Kindle ePub Free
eBook details
- Title: Unigard Security Insurance Company v. North River Insurance Company
- Author : Supreme Court of Pennsylvania
- Release Date : January 05, 1992
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 81 KB
Description
Under New York law, the standard provision in a contract of primary liability insurance requiring the insured to give the insurer prompt notice of a potential claim operates as a condition precedent; thus, for failure to give notice, the primary insurer "need not show prejudice before it can assert the defense of noncompliance" (Security Mut. Ins. Co. v Acker- Fitzsimons Corp., 31 N.Y.2d 436, 440). For reasons which follow, we hold that this "no prejudice" rule does not apply to a failure to comply with the prompt notice requirement in a contract of reinsurance.
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