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Expert Analysis

US Liabilities And English Law Reinsurance Contracts

Law360, New York (July 31, 2012, 2:35 PM EDT) -- In the words of the Court of Appeal of England and Wales in Faraday Reinsurance Co. Ltd. v. Howden North America Inc. & Anor [2012] EWCA Civ 980 (20 July 2012), "it would be idle to pretend that the English courts and the American (including the Pennsylvania) courts see eye to eye on the question of the liability of insurers to respond to asbestos claims. The English courts do not accept the triple trigger of liability, nor do they accept that insurers are liable if the relevant trigger does not occur within the strict time limits of the policy."...

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