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The tenant of a commercial building in Manhattan violated its lease by acquiring insurance that provided coverage for damage due to many typical acts of terrorists but which carried a binder stating that "terrorism is excluded," a unanimous New York Court of Appeals decided Tuesday. The lease does not specifically require coverage for acts of terrorism, but the court found that by expressly excluding coverage for terrorism, the policy violated minimum coverage requirements under New York insurance law.
June 05, 2008 at 12:00 AM
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The original version of this story was published on Law.Com
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