Case Name: Joseph R. Losing & Associates, Inc., Appellant, v. Continental Casualty Company, Respondent, et al., Defendants
Court: New York Court of Appeals
Jurisdiction: New York
Decision Date: 1982-06-08
Citations: 56 N.Y.2d 848
Docket Number: 
Parties: Joseph R. Losing & Associates, Inc., Appellant, v Continental Casualty Company, Respondent, et al., Defendants.
Judges: 
Reporter: New York Reports
Volume: 56
Pages: 848–850

Head Matter:
Joseph R. Losing & Associates, Inc., Appellant, v Continental Casualty Company, Respondent, et al., Defendants.
Argued May 6, 1982;
decided June 8, 1982
APPEARANCES OF COUNSEL
Thomas F. De Soye and John J. Connolly for appellant.
William H. Morris and Gerald P. McMorrow for respondent.

Opinion:
OPINION OF THE COURT
Memorandum.
The order of the Appellate Division should be affirmed, with costs, and the certified question answered in the affirmative.
Appellant contends that the reporting of a "potential claim" to the insurance carrier "locked" appellant into that carrier, inhibiting its freedom of contract because no other insurer would agree to cover the potential claim which was reported. It is appellant's contention that this "claims made" policy violated the public policy of this State. Inasmuch as the particular clause in question did not violate any statutory mandate or prohibition or any regulation of the Superintendent of Insurance, this court cannot say that the clause was violative of public policy. Any other substantive issues will be resolved at the trial.
Chief Judge Cooke and Judges Jasen, Gabrielli, Jones, Wachtler, Fuchsberg and Meyer concur in memorandum.
Order affirmed, etc.