Insurer Sued in New York for Canceling, Reissuing Flood Policies After Claim

Fidelity National Property & Casualty Insurance Co. was recently sued in a New York court over flood insurance policies. The suit alleges the insurer retroactively canceled flood policies for Dayton Towers Corp.’s residential buildings and reissued new policies with lower limits of liability when Dayton submitted a claim after Superstorm Sandy.