Lloyd's, Others Say They Needn't Cover $1B Lead Paint Case

Law360, Los Angeles (January 14, 2014, 9:27 PM EST) -- Lloyd's of London and other insurers argued in a complaint filed Monday in a New York state court that they shouldn't have to cover lead pigment makers in a recent $1.15 billion judgment of a public-nuisance suit, alleging that property damage or bodily injury hasn't yet occurred.

Monday's suit seeks a declaratory judgment that the insurers have no coverage obligation to NL Industries Inc. and other defendants in the People of the State of California v. Atlantic Richfield Co. et al. because the judgment was prospective...
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