SC Ruling Reinforces All Sums Coverage Trend

By Raymond Mascia and Thomas Dupont (March 27, 2024, 6:00 PM EDT) -- In 2016, the New York Court of Appeals delivered a long-awaited victory for policyholders facing long-tail asbestos and environmental claims spanning multiple years of liability coverage. In In re: Viking Pump Inc., the Court of Appeals rejected the insurance companies' argument that pro rata allocation applies, and instead adopted the all sums rule based on policy language.[1]...

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