3rd Cir. Affirms Rescission in Heinz
Material misrepresentations deprived insurer of freedom of choice in underwriting risk. The United States Court of Appeals for the Third Circuit, applying New York law, upheld the district court and held that H.J. Heinz Company (“Heinz”) made material misrepresentations in its application for insurance to Starr Surplus Lines Insurance Company (“Starr”). The court rejected Heinz’s argument that Starr waived the... Read More