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Aggregate Limits: Addressing Arguments Advanced by Policyholders in Asbestos Claims
Now entering its third decade, asbestos exposures threaten the financial stability of numerous commercial entities. Asbestos manufacturers, distributors and installers have been forced to declare bankruptcy because of these exposures. RAND Institute for Civil Justice, “Asbestos Litigation in the U.S.A.: A New Look at an Old Issue” (Aug. 2001). Even companies with only a peripheral connection to asbestos ' eg, car manufacturers that used asbestos-lined brakes ' have been sued. Asbestos claimants continue to aggressively pursue any entity that had any involvement with asbestos. Indeed, the backlog of asbestos suits in the federal and state courts doubled from about 100,000 in 1990 to 200,000 in 1999. Asbestos Compensation Act of 2000, H.R. Rep. No. 106-782, at 18 (2000). Quite simply, absent federal legislative relief, asbestos cases will continue to clog U.S. courts. Moreover, asbestos litigation has and will continue to bog down a large segment of the U.S. economy. Studies are now projecting that asbestos lawsuits will continue until at least 2030.
The costs associated with asbestos pose staggering exposures for their insurers as well. Many insurers have increased reserves to respond to their potential asbestos liabilities. Several insurers ' including Home Insurance Company, Reliance Insurance Company and Frontier Insurance Company ' have been forced to declare insolvency because of such exposures. Nevertheless, policyholders are increasingly looking to their insurers to fund their asbestos-related liabilities.
Recently, policyholders have begun to pursue a novel argument in the attempt to shift the liability arising out of their use of asbestos-containing materials to their insurers. Specifically, many policies issued by insurers in the 1960s and 1970s included aggregate limits of liability for products hazards and completed operations, but did not include aggregate limits for other types of exposures. To avoid the application of aggregate policy limits, some policyholders seek to characterize asbestos-related claims against them as exposures that do not involve products/completed operations hazards. Most frequently, this argument is made when the policyholder is an asbestos installer or insulator.
Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models
Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.
Hyperlinked Documents: The Latest e-Discovery Challenge
As courts and discovery experts debate whether hyperlinked content should be treated the same as traditional attachments, legal practitioners are grappling with the technical and legal complexities of collecting, analyzing and reviewing these documents in real-world cases.
Identifying Your Practice's Differentiator
How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.
Risks and Ad Fraud Protection In Digital Advertising
The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.
Turning Business Development Plans Into Reality
This article offers practical insights and best practices to navigate the path from roadmap to rainmaking, ensuring your business development efforts are not just sporadic bursts of activity, but an integrated part of your daily success.