Panasia Estates - Bad Faith Not Required For Consequential Damages

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The New York Appellate Division, First Department, has ruled, in a further appeal of the Panasia Estates v. Hudson Ins. case that the Court of Appeals's decisions in Panasia v. Hudson and Bi-Economy v. Harleysville do not require that the insured prove that its insurer acted in bad faith as a prerequisite to the insured's right to obtain consequential damages against the insurer for a breach of the insurance contract.

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