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AIG, CNA Can't Prorate Ship Interior Co.'s Asbestos Coverage

Law360 (April 2, 2018, 10:44 PM EDT) -- Ship interior company Hopeman Brothers Inc. can seek the full limits of AIG Inc. and CNA Financial Corp. excess insurance policies in a single year to cover costs tied to asbestos injury claims, a Virginia federal judge ruled on Monday, rejecting the insurers’ bid to restrict their potential coverage to a proportional share of the company’s losses.

As part of a sprawling 105-page decision, U.S. District Judge Mark S. Davis granted Hopeman’s request to apply an “all sums” allocation framework to its coverage battle with AIG...
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