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Case Briefs

By ALM Staff | Law Journal Newsletters |
May 31, 2007

NY Decision Favors Policyholders Seeking Coverage for Unresolved Asbestos-Related Liabilities

The New York Supreme Court's May 8, 2007 decision in Continental Casualty Co. et al. v. Employers Insurance Co. of Wausau et al. No., 601037/03, __ N.Y.S.2d __, 2007 WL 1345692 (N.Y.Sup. May 8, 2007) could prove a considerable victory for policyholders seeking insurance coverage for unresolved asbestos-related liabilities.

In Continental Casualty, the plaintiff insurers sought a declaratory judgment that the aggregate limits of the products hazard and completed operations provisions in the primary and excess general liability insurance policies at issue limited the insurers' liability to approximately $100 million.

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