K2 Reversal Adds To Series Of Coverage Flip-Flops

Law360, New York (February 19, 2014, 9:03 PM EST) -- The New York Court of Appeals' about-face Tuesday in the closely followed K2 Investment Group LLC insurance dispute highlights the growing power of public outcry to convince top-level courts to back down from their controversial stances on coverage, experts say.

The reversal followed a firestorm over the top New York court's initial holding that an insurance company that violates its duty to cover defense costs could no longer point to policy exclusions to avoid also paying for an underlying judgment.

Insurance groups emphatically argued that the...
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