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