Andrew Bourne, Partner at CZFM, praised the ruling in a comment to the Insurance Coverage Law Center.

A federal judge has ordered Fireman's Fund Insurance Company, who wrote a professional liability policy for former Rivkin Radler partner Jason Kurland, to pay defense costs in Kurland's criminal trial.

Engelmayer found that the merger failed to close because a mortgage company CEO "had developed an acute case of buyer's remorse."

The New York State Court of Appeals considers the argument from attorneys representing the medical professionals named as policyholders on the insurance policies, that the money should go to their clients.

The law falls after more than two decades on the books.

The three-judge panel of Guido Calabresi, Rosemary Pooler and Steven Menashi upheld U.S. District Judge Lorna G. Schofield of the Southern District of New York's finding that Global Reinsurance Corporation of America must pay its share of Century Indemnity Company's defense costs in excess of the reinsurance certificates' liability limits.

The Napolis provided timely notice of a suit filed by a lawyer at their firm to their insurers, according to the complaint, but the companies refused to defend the couple.

U.S. Attorney Audrey Strauss of the Southern District of New York emphasized that the defendants' scheme took advantage of vulnerable people who were willing to undergo surgeries in exchange for relatively small amounts of money.