|By Hugh R. Morley, The Record (Hackensack, N.J.)|
|McClatchy-Tribune Information Services|
The lawsuit by
The damage was just part of the impact from the storm, a company official said – it left 14 inches of water in the building and shut the business for a month, forcing customers to |go elsewhere, which in turn shrank the workforce from 250 to 135.
Zurich American Insurance Co. of
That distinction is important because the suit says the insurance policy limits flood damage payments to
The insurance company did not return a request for comment.
The printer is the latest in a line of companies to turn to the courts for compensation over damage caused by Sandy.
Of the 1,200 Sandy-related civil cases filed in federal court in
However, many other suits are filed in
The suit, filed last year, accuses the insurers of shortchanging |the power company in payouts over flood damage. The case is pending.
Two months after the insurer made its payment, the suit says, the company sought to determine why there were "significant and elevated levels of ongoing electrical problems" with its production equipment.
A company study showed that on
Only now has the insurer sent several claims adjusters and consultants to assess the damage, the suit says.
"We have been struggling since the storm," said
In June, another
"I got nothing. I lost money on the deal," Clarizio said. "It was very obvious they [Selective] were trying to outlast us, because they have more money than we do."
The policies "are so tangled and complex," Ullman said, that it's tough for the court to nail down what exactly is covered and apply it to a particular situation.
"The language of the policies would confound a Talmudic scholar," he said.
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