Excess Insurer Has No Duty To Indemnify Property Owners Who Qualify As Insureds

( May 27, 2025, 10:55 AM EDT) -- BROOLYN, N.Y. — A federal judge in New York declared an excess insurer has no duty to indemnify property owners who qualified as insureds under a building contractor’s insurance policy for losses caused by subsidence, granting the insurer’s motion for summary judgment in its declaratory judgment lawsuit....