2/26/2009In a scathing opinion that chastised some standard insurance practices with regard to their catch-all "reservations of rights" to assert further defenses at a later date, New York's Appellate Division, First Department effectively issued an important reminder to all New York business insureds: don't take the insurer's disclaimer for granted or at face value; it may not be valid, and the insurer can be held liable to you in breach of contract, among other things. To learn more, read our article.
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