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 lawsuit, which was filed in Manhattan Supreme Court, argues that the NRA has diverted money away from its mission as a New York-chartered nonprofit for the personal gain of its top management.