Corning Win To Group Asbestos Claims May Help NY Insureds

Law360, New York (June 8, 2012, 6:59 PM EDT) -- A New York appeals court refused Thursday to rule that each of the thousands of asbestos claims against Corning Inc. constituted a separate occurrence, a decision at least one lawyer says could save other policyholders from having to pay multiple deductibles.

Mt. McKinley Insurance Co., Kemper Insurance Co. and others had attempted to win partial summary judgment declaring that Corning would have to shell out a deductible for each claim stemming from asbestos-containing products manufactured or distributed by Corning subsidiaries. Corning, joined by some of its...
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