Contractor Appeals Indemnification Reimbursement Ruling To 2nd Circuit

(October 25, 2022, 2:03 PM EDT) -- NEW YORK — A design-build contractor appealed a ruling by a federal judge in New York that an insurer is entitled to reimbursement of $5 million it paid to the contractor under the rectification indemnity coverage provision of the contractor’s policy because a policy provision governing subrogation located in the policy required that the contractor repay the insurer for money the contractor obtained in an arbitration proceeding, according to a notice of appeal filed in New York federal court....