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FARAINO v. CENTENNIAL INS CO

117 Misc.2d 297 (1982)

Joseph Faraino, Plaintiff, v. Centennial Insurance Company et al., Defendants.

Supreme Court, Special Term, Kings County.

December 3, 1982

Attorney(s) appearing for the Case

Kaplan, Oshman & Forman for plaintiff. George S. Evans for Centennial Insurance Company, defendant.

HERBERT KRAMER, J.

Does any duty beyond mere payment devolve upon an insurer who receives a loan receipt executed by its insured, purporting to give it exclusive control over the claims of the insured?1

In a case of first impression in the State, this court holds that a duty of good faith is created.

BACKGROUND

During the critical period, two pleasure craft...

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