N.Y. Appeals Court: Coverage Owed For Insured’s Loss Of 502,315 Soybean Bushels

( February 20, 2025, 12:34 PM EST) -- NEW YORK — A New York appeals court affirmed a lower court’s grant of a physical commodities trader insured’s motion for partial summary judgment on declaratory judgment and breach of contract counterclaims against its insurers in their lawsuit disputing coverage for the insured’s loss of 502,315 bushels of soybeans, agreeing with the lower court that the insured established an actual loss under the policies....