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POLAR INTERNATIONAL BROKERAGE CORP. v. RICHMAN

32 A.D.3d 717 (2006)

820 N.Y.S.2d 584

POLAR INTERNATIONAL BROKERAGE CORP. et al., Respondents, v. BENJAMIN S. RICHMAN et al., Defendants, and ASSOCIATED FINANCIAL CORPORATION et al., Appellants.

Appellate Division of the Supreme Court of the State of New York, First Department.

September 14, 2006.

In 1989, plaintiff Polar International Brokerage Corp. (Polar) and defendant Meadowbrook-Richman, Inc. (MRI), two firms engaged in insurance brokerage and claims adjustment, entered into a joint venture (see Meadowbrook-Richman, Inc. v Associated Fin. Corp., 253 F.Supp.2d 666, 671 [SD NY 2003]). In 1992, while this joint venture was in effect, Hurricane Andrew damaged a number of Florida and Louisiana housing projects owned...

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