Pa.'s New Defense Rule Gives Big Policyholders Upper Hand

Law360, New York (July 19, 2013, 5:09 PM EDT) -- A Pennsylvania appeals court recently transformed the ground rules for insurers that provisionally defend their policyholders, in a double-edged decision that puts greater pressure on carriers to defend large companies and stings policyholders that can't afford to front their own defense costs.

The sweeping decision revived a court battle over whether American Nuclear Insurers and Mutual Atomic Energy Liability Underwriters should cover an $80 million settlement that policyholder The Babcock & Wilcox Co. reached — despite the insurers' objections — in lawsuits over radioactive emissions from...
To view the full article, register now.