Did the Court of Appeals adopt a new draconian penalty regarding when an insurer wrongfully fails to defend, or is the decision issued by the court on June 11, 2013, in K2 Investment Group v. American Guar. & Liab. Ins. a logical application of established New York law to the particular facts of that case?
Read more here: “K2″Ruling on Insurer Refusal to Defend Fits Within Established Law, NEW YORK LAW JOURNAL (July 8, 2013)
