Zurich Unit Gets New Shot At Post-Judgment Policy Exclusion

Law360, New York (January 7, 2014, 4:09 PM EST) -- Revisiting its decision to disallow a Zurich Insurance Co. unit to assert policy exclusions after it initially refused to defend a lawyer for malpractice, New York's high court on Tuesday appeared potentially willing to leave the insurer on the hook for a default judgment.

After rejecting Zurich-owned American Guarantee & Liability Insurance Co.'s argument that it was entitled to assert policy exclusions though it initially refused to defend lawyer Jeffrey Daniels, who was sued for malpractice by his clients and creditors K2 Investment Group LLC and...
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