Century Urges 2nd Circ. To Dial Down Olin Coverage

Law360, New York (February 16, 2012, 9:17 PM EST) -- Century Indemnity Co. argued to the Second Circuit on Wednesday that it need not reimburse Olin Corp. for groundwater contamination suits brought by homeowners whose drinking water wells did not exist when the company's last policy with the insurer expired.

Century is appealing a New York federal court's ruling in favor of Olin in a coverage battle over underlying suits related to contamination allegedly caused by perchlorate from Olin's Morgan Hill, Calif., manufacturing plant. Homeowners near the plant claimed Olin contaminated their drinking water supply wells...
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