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Expert Analysis

Grappling With Horizontal Exhaustion And Stacking

Law360, New York (August 24, 2011, 2:09 PM EDT) -- A recent decision by the California Court of Appeal for the Second District grappled with the concepts of "horizontal exhaustion" and "stacking" of policy limits in the context of an insured attempting to tap excess policies in a case involving continuous losses spanning multiple policy periods....

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