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Excess Insurance Can Be Triggered By Any Claims: 5th Circ.

By Kira Lerner (June 23, 2014, 5:29 PM EDT) -- The Fifth Circuit ruled Monday that excess insurers cannot assert that their policies' retained limits are reached only when the underlying policies are maxed out by claims they would cover, reversing a ruling that umbrella insurers are not liable for W&T Offshore Inc.'s damage caused by Hurricane Ike....

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