Mealey's Insurance - N.Y. High Court Majority Vacates Its Ruling Against Insurer In $3.1M Coverage Suit

Mealey's Insurance - N.Y. High Court Majority Vacates Its Ruling Against Insurer In $3.1M Coverage Suit

ALBANY, N.Y. - A majority of the New York Court of Appeals on Feb. 18 vacated its June 11 ruling that a professional liability insurer's breach of its duty to defend precluded it from relying on policy exclusions to deny coverage for an underlying $3.1 million default judgment against the insured (K2 Investment Group LLC, et al. v American Guarantee & Liability Insurance Co., No. 6, N.Y. App.; 2014 N.Y. LEXIS 201).

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