A business court in Massachusetts has weighed in on two key issues affecting allocation of insurance coverage for long-tail liabilities in the state.
All posts tagged LongTail
Ohio Supreme Court: “Those Sums” Isn’t “All Sums” Where Damages Occur at a Discernable Time
By: John S. Anooshian and Michael E. DiFebbo The Ohio Supreme Court declined to adopt a bright-line rule regarding whether Ohio’s “all sums” allocation rulings apply to property damage occurring over multiple policy periods under policies that use the phrase “those sums.” The court found this closely watched case, Lubrizol Advanced Materials, Incorporated v. National…