Insurers Needn't Defend IMG In Arbitration, Court Affirms
Law360, Los Angeles (May 5, 2016, 2:26 PM EDT) -- A New York appellate court affirmed Thursday that a pair of insurers have no duty to defend sports management agency IMG Worldwide Inc. in arbitration proceedings over a dispute with a real estate developer, finding that policy exclusions for claims stemming from intentional conduct and breach of contract apply to bar coverage.
In a unanimous opinion, a panel of the state Appellate Division's First Department upheld a lower court's ruling that Great Divide Insurance Co. and New York Marine and General Insurance Co. don't have to foot the bill for any of IMG Worldwide's defense costs in the arbitration proceedings initiated...
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