Del.'s Horizontal Exhaustion Ruling Leaves NY Law Uncertain

By Bibeka Shrestha (April 9, 2014, 9:49 PM EDT) -- A Delaware court has held that excess policies do not have to be horizontally exhausted in long-tail coverage cases, handing policyholders some guidance on the rarely addressed question but also fueling speculation over whether New York will follow the court's guess about its own law on the issue....

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