On June 24, the Appellate Division, First Department affirmed a lower court’s decision allowing Associated Industries Insurance Company, Inc. to rescind a policy it had issued to Joseph Farahnik, who operated as Joseph Farahnik Consulting Engineer. The court found the policy was never valid to begin with because Farahnik didn’t tell the truth in his insurance application.
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.