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NY Strikes Fear Into Insurers Waffling On Defense Coverage

By Bibeka Shrestha (June 12, 2013, 8:52 PM EDT) -- The New York Court of Appeals rattled insurers Tuesday when it punished American Guarantee & Liability Insurance Co. for violating its duty to defend by holding the insurer could no longer rely on policy exclusions to avoid covering an underlying judgment, making clear that such breaches will come with heavy consequences....

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