Kan. Court Upholds Coverage For Drilling Equipment Dealer

Law360, New York (February 21, 2014, 5:33 PM EST) -- A Kansas appellate court on Friday held two Zurich Insurance Group Ltd. units responsible for covering a drilling equipment distributor sued over a soured deal, ruling that the duty to defend is controlled by the state law where an insurance policy was created, rather than where it was performed.

Resolving a conflict of precedents in the state, the intermediate Kansas Court of Appeals unanimously concluded that a carrier’s duty to defend presents a question of policy interpretation rather than performance. As such, defense coverage is governed...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.