NY High Court To Rehear Key Insurance Coverage Appeal

Law360, New York (September 3, 2013, 2:39 PM EDT) -- New York's highest court on Tuesday took the rare step of granting a rehearing for a Zurich Insurance Co. unit, which it found in June to have foregone policy exclusions in a malpractice case because the insurer had refused to defend a policyholder.

The New York State Court of Appeals will rehear K2 Investment Group LLC v. American Guarantee & Liability Insurance Co. at a date to be scheduled.

On June 11, the court rejected American Guarantee's attempt to reverse lower court rulings finding the insurer...
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