California Supreme Court Adopts “All-Sums-With-Stacking” Allocation Rule In Pro-Policyholder Environmental Insurance Coverage Decision

more+
less-

On August 9, the California Supreme Court issued an important decision that will enhance the ability of policyholders to receive the full benefit of their insurance policies for long-tail environmental claims. Specifically, the Court adopted an “all-sums-with-stacking” rule that will allow policyholders to recover from insurers over multiple policy periods, effectively “stacking” their policy limits to maximize potential recovery.

LOADING PDF: If there are any problems, click here to download the file.

Published In: General Business Updates, Environmental Updates, Insurance Updates, Commercial Real Estate Updates, Toxic Torts Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© K. Eric Adair, Hinson Gravelle & Adair LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »