Michael P. Kandler, a partner at Callan, Koster, Brady & Brennan, writes that any thorough liability coverage analysis should include an answer to the question of whether the insurance carrier could possibly be held liable for damages in excess of the policy limit if a court later determines that a coverage denial was incorrect.
June 20, 2012 at 12:00 AM
1 minute read
Any thorough liability coverage analysis should include an answer to the question of whether the insurance carrier could possibly be held liable for damages in excess of the policy limit if a court later determines that a coverage denial was incorrect.
Surprisingly, New York law on this important topic remains unsettled.
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