What is the legal test for "natural and reasonable meaning" of an insurance policy?
MultiRegion, United States of America
The following excerpt is from Avondale Industries, Inc. v. Travelers Indem. Co., 887 F.2d 1200 (2nd Cir. 1989):
Having concluded that the administrative proceeding is a suit, we turn next to damages. In New York, the terms of an insurance policy have long been accorded "a natural and reasonable meaning," Doyle v. Allstate Ins. Co., 1 N.Y.2d 439, 443, 154 N.Y.S.2d 10, 136 N.E.2d 484 (1956), corresponding
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