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HUDSON CITY SAV. INST. v. HARTFORD ACC. & INDEM. CO.

No. 73-C-573.

440 F.Supp. 41 (1977)

The HUDSON CITY SAVINGS INSTITUTION, Plaintiff, v. HARTFORD ACCIDENT AND INDEMNITY COMPANY, Defendant.

United States District Court, E. D. New York.

November 18, 1977.

Attorney(s) appearing for the Case

Joseph W. Ryan, Jr., of Carlino & Pearsall, Mineola, N. Y., for plaintiff.

Hart & Hume, New York City, for defendant.

MEMORANDUM DECISION

COSTANTINO, District Judge.

This is an action by plaintiff bank to recover from defendant insurance company for a loss covered by the terms of an insurance policy issued by the defendant. The full amount of the loss, which plaintiff claims it is entitled to recover, was $500,882. Defendant claims that under the terms of one of the riders to the insurance policy, its liability is limited to $50,000.

There is no dispute as to the...

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