The Court of Appeals of New York recently revisited its decision in K2 Inv. Group, LLC v. American Guar. & Liab. Ins. Co., reversing its prior ruling and finding that an insurer that breaches its duty to defend is not …
The New York Insurance Association (NYIA) announced that the Court of Appeals reversed its decision in the case of K2 Investment Group v. American Guarantee & Liability Insurance Company. The new decision upholds the principle that an insurance policyholder is …
The New York Court of Appeals has reaffirmed the importance of the insurer’s duty to defend its insureds, holding that when an insurer breaches its duty to defend, it may not rely on exclusions in the policy to avoid coverage …