Law360, New York (August 10, 2007, 12:00 AM ET) -- One of the most hotly contested questions in the asbestos insurance coverage area is whether certain asbestos-related bodily injury claims fall outside of the products hazard and completed operations hazard in standard form comprehensive general liability (“CGL”) policies.

Insurers view this as a “bet the company” dispute because third-party claims that fall outside of those hazards—so-called non-products claims—are not subject to aggregate limits in most CGL policies.

Insurers generally take the extreme position that all asbestos claims come within the products and/or completed operations hazards, and...