Albany Insurance v. Wisniewski

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding a $1.5 million insurance policy void ab initio due to (1) the insured’s misrepresentations of material fact that the fair market value was $2.25 million when it had purchased the vessel a month earlier for $69,000, and (2
• failure to disclose purchase price of vessel constituted grounds for rescission under both federal and New York law
• “If a policy of marine insurance is issued upon false and material representations, the absence of fraud or of an intent to deceive will not save the contract from rescission.”
• “If a policy of marine insurance is issued upon false and material representations, the absence of fraud or of an intent to deceive will not save the contract from rescission.”

Source: CourtListener parenthetical corpus (CC0).