In 1982, plaintiff commenced a medical malpractice action against Dr. Irwin Kaiser, Dr. Samuel Oberlander and the Hospital of Albert Einstein College of Medicine (the Hospital). As Dr. Kaiser was a full-time member of Yeshiva University's faculty, Dr. Kaiser was covered by Yeshiva's insurance policy. Accordingly, Argonaut Insurance Company (Argonaut) agreed to provide a defense for Dr. Kaiser under the policy.
In 1983, Argonaut studied various settlement proposals...
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