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$5M Zurich Flood Cap Applies To Sandy Building Loss: Judge

By Bibeka Shrestha ( July 1, 2014, 2:43 PM EDT) -- A New York state judge found in a ruling posted Monday that a $5 million limit for flood losses in Zurich American Insurance Co.'s policy applies to a Manhattan real estate developer's claim for construction delays stemming from Superstorm Sandy, finding that financial losses were not exempt from the limit....

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