An Exclusion That Can Cost You Millions

Law360, New York (February 25, 2011, 1:20 PM ET) -- The recent decision in DPC Industries Inc. v. American International Specialty Lines Insurance Co., 615 F.3d 609 (5th Cir. 2010) illustrates the harsh fact that policyholders should not always breathe a sigh of relief when an insurance company initially accepts coverage for a claim.

DPC Industries involved a chlorine gas leak at a facility in Missouri, which ultimately led to over $10 million in defense and indemnity liabilities for the policyholder companies.

Although the policy’s general liability coverage part (Coverage A) had limits of $11 million,...
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