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Bankruptcy of Storage Facility Created a Compensable Loss\\n\\nPlaintiffs insurers sought a declaration that there is no coverage for \\nthe insurance claim made under the policy for the loss of soybeans. The \\nDefendants moved for partial summary judgment on its first and second \\ncounterclaim. In Endurance American Insurance Company, Zurich American \\nInsurance Company, and, Atain Insurance Company v. Stonex Commodity \\nSolutions, LLC F/K/A FC Stone Merchant Services, LLC, 2024 NY Slip Op \\n30076(U), Index No. 653234/2022, Motion Seq. No. 004, NYSCEF Doc. No. \\n108, Supreme Court, New York County (January 8, 2024) the Supreme Court \\n(trial court) resolved the dispute.\\n\\nBACKGROUND\\n\\n\\nZALMA OPINION\\n\\nSince the evidence showed that there were enough soybeans to cover that \\ndeposited by the defendants when EGT was forced into bankruptcy the \\ndivision of the assets by the court resulted in a loss to the defendants\\n that was not excluded from the coverages provided by the Plaintiffs.\\n\\n(c) 2024 Barry Zalma & ClaimSchool, Inc.\\n\\nPlease tell your friends and colleagues about this blog and the videos \\nand let them subscribe to the blog and the videos.\\n\\nSubscribe to my substack at \\nhttps://barryzalma.substack.com/publish/post/107007808\\n\\n\\nGo to Newsbreak.com\\xa0 https://www.newsbreak.com/@c/1653419?s=01\\n\\nGo to the Insurance Claims Library \\u2013 \\nhttp://zalma.com/blog/insurance-claims-library.