{"id":103,"date":"2014-02-19T17:23:48","date_gmt":"2014-02-19T21:23:48","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/insurancelaw\/?p=103"},"modified":"2014-09-09T13:14:11","modified_gmt":"2014-09-09T17:14:11","slug":"new-york-appeals-court-reverses-itself-in-k2-investment-group-decision-reaffirms-earlier-ruling-in-servidone","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/insurancelaw\/2014\/02\/19\/new-york-appeals-court-reverses-itself-in-k2-investment-group-decision-reaffirms-earlier-ruling-in-servidone\/","title":{"rendered":"New York Appeals Court Reverses Itself in K2 Investment Group Decision; Reaffirms Earlier Ruling in Servidone"},"content":{"rendered":"<p>In a decision notable for several reasons, the New York State Court of Appeals\u2014the state&#8217;s highest court\u2014reversed itself in <a href=\"https:\/\/www.nycourts.gov\/ctapps\/Decisions\/2014\/Feb14\/6opn14-Decision.pdf\" target=\"_blank\"><em>K2 Investment Group, LLC v. American Guarantee &amp; Liability Insurance Co.<\/em><\/a> [21 NY3d 384 (2014)] and reaffirmed its earlier ruling in <em>Servidone Construction Corp. v. Security Insurance Company of Hartford<\/em> [64 NY2d 419 (1985)].<\/p>\n<p>In doing so, the court reestablished the rule it pronounced in Servidone when it held that a liability insurer who determines not to provide a defense to its insured may still contest its duty to indemnify on the basis of an exclusion to coverage.<\/p>\n<p><a href=\"http:\/\/www.duanemorris.com\/alerts\/new_york_appeals_court_reverses_itself_k2_investment_group_decision_5131.html\" target=\"_blank\">Click here<\/a> to read the full <em>Duane Morris Alert<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a decision notable for several reasons, the New York State Court of Appeals\u2014the state&#8217;s highest court\u2014reversed itself in K2 Investment Group, LLC v. American Guarantee &amp; Liability Insurance Co. [21 NY3d 384 (2014)] and reaffirmed its earlier ruling in Servidone Construction Corp. v. Security Insurance Company of Hartford [64 NY2d 419 (1985)]. In doing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/insurancelaw\/2014\/02\/19\/new-york-appeals-court-reverses-itself-in-k2-investment-group-decision-reaffirms-earlier-ruling-in-servidone\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New York Appeals Court Reverses Itself in K2 Investment Group Decision; Reaffirms Earlier Ruling in Servidone&#8221;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[166,42,214,213,215,216,191],"ppma_author":[417],"class_list":["post-103","post","type-post","status-publish","format-standard","hentry","category-insurance-business-and-regulatory-developments","tag-carbin","tag-coverage","tag-indemnity","tag-insured","tag-insurer","tag-investment","tag-new-york-court-of-appeals"],"authors":[{"term_id":417,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/843ff6e7a8fe5fc92109b47a45f34b6cf0ea499e6e788db23456c838b0ae6747?s=96&d=blank&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/insurancelaw\/wp-json\/wp\/v2\/posts\/103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/insurancelaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/insurancelaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/insurancelaw\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/insurancelaw\/wp-json\/wp\/v2\/comments?post=103"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/insurancelaw\/wp-json\/wp\/v2\/posts\/103\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/insurancelaw\/wp-json\/wp\/v2\/media?parent=103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/insurancelaw\/wp-json\/wp\/v2\/categories?post=103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/insurancelaw\/wp-json\/wp\/v2\/tags?post=103"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/insurancelaw\/wp-json\/wp\/v2\/ppma_author?post=103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}