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Feb 11, 2019

Co-op Boards Are Not Quality-Control Watchdogs

Co-op apartment in need of renovation

Copyright by, and republished with permission of, Habitat Magazine. Wade and Vanessa Johnson thought they were getting a “triple mint” luxury unit when they bought a gut-renovated apartment from the sponsor of a cooperative conversion at 1150 Fifth Avenue. But after the closing, the Johnsons learned that there were numerous conditions in the apartment that were not up to code – or actually dangerous – most of which had been concealed. The Johnsons alleged that the renovations were defective and noncompliant with requirements of the building code and co-op policies. For instance, the bathrooms were not properly waterproofed. Two bathrooms… Read more


Jan 26, 2017

Court Grants Summary Judgment to Intermarket Insurance Agency

Flooded Warehouse

Intermarket Insurance Agency, Inc. recently escaped liability to its insured on a policy placement, winning summary judgment on the two counts of the complaint directed to it. Intermarket placed a business personal property policy with Travelers on behalf of Artvale, a fabric and textile wholesaler. The policy excluded flood and sewage backup. And when Artvale moved its inventory to a warehouse in Passaic, New Jersey, Artvale asked Intermarket to amend the policy with Travelers to reflect the move, which Intermarket did. Artvale did not ask Intermarket to obtain flood coverage. Hurricane Irene caused flooding at the warehouse on August 27,… Read more