Law360, New York (May 17, 2012, 4:37 PM ET) -- The Sixth Circuit on Thursday affirmed a lower court's ruling that OneBeacon American Insurance Co. cannot compel American Motors Insurance Co. to contribute to covering $42 million in damages related to cleanup costs at a Kentucky Superfund site.
In a published opinion, a three-judge panel found that OneBeacon, which did not settle with a policyholder seeking coverage in a Superfund case, could not extract coverage from AMICO, which did settle, because Ohio law says that an insurer's policy can be exhausted by a settlement and that...
AMICO Ducks $42M Superfund Coverage Suit In 6th Circ.
To view the full article, take a free trial now.
