Article
New York High Court: "Other Insurance" Clause Relieves D&O Insurer Of Obligation To Share Defense Costs With CGL Insurer
In Fieldston Property Owners Ass’n, Inc. v. Hermitage Ins. Co., Inc., 2011 NY Slip Op. 01361 (Feb. 24, 2011), the New York Court of Appeals ruled that a D&O policy’s excess "other insurance" clause relieved the D&O insurer of any obligation to reimburse a CGL insurer for defense costs incurred in connection with two underlying tort actions.
Cozen O'Connor
