Global Warming Not Covered By Your Insurance

Law360, New York (November 1, 2011, 12:02 PM EDT) -- On Sept. 16, 2011, the Virginia Supreme Court issued its much-anticipated decision in the AES Corp. v. Steadfast Insurance Co., No. 100764, slip op. (Va. S. Ct. Sept. 16, 011). In the nation’s first appellate decision addressing insurance coverage issues in relation to claims for global warming, the court held that the emission of carbon dioxide is not an “occurrence” within the meaning of a general liability policy.

The court reached this decision despite allegations in the underlying complaint that the insured was negligent because it...
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