21
Dec
2012

2nd Circ.'s Olin Ruling Could Prove Costly For Insurers

Law360

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The Second Circuit's Wednesday ruling that Olin Corp.'s excess insurance policy could be triggered by environmental damage occurring outside the policy period shows that insureds in New York can use contract language to counteract the pro rata allocation method for long-tail claims and put carriers on the hook for more losses, experts say.
Read the full story: 2nd Circ's Olin Ruling Could Prove Costly For Insurers

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