Yacht Insurer Had Arguable Basis To Deny Coverage For Replacement Of Engines

Mealey's (March 13, 2023, 9:26 AM EDT) -- CENTRAL ISLIP, N.Y. — An insured’s bad faith counterclaim against a yacht insurer cannot proceed because the insurer had an arguable basis to deny coverage for the replacement of the insured yacht’s engines, a New York federal judge said March 10 in granting the insurer’s motion for summary judgment....