2nd Circ. Says Insurer Owes Olin $14M In Pollution Coverage

Law360, New York (June 18, 2013, 5:57 PM EDT) -- The Second Circuit on Tuesday upheld a ruling that Olin Corp.’s former insurer must pay $13.8 million to cover class actions over groundwater contamination near a California plant, finding the policies covered claims for homes that were constructed after the policies expired.

Although Olin’s policies with Century Indemnity Co. expired in 1970, years before homeowners sued Olin, alleging its signal flare-making plant had contaminated their wells, the pollution began when those policies were in effect, the Second Circuit said.

“[Century] first argues that it has no...
To view the full article, register now.