The Influence Of Settlements On Contribution Claims
March 16, 2012, 1:27 PM EDT
Law360, New York (March 16, 2012, 1:27 PM EDT) -- Disputes among insurers regarding claims for contribution are not new, but appear to be on the increase. Whether it involves disagreements among primary liability insurers regarding their respective defense or indemnity obligations for various long tail exposures, such as asbestos, or among all risk and boiler and machinery insurers regarding responsibility for first party property damage, insurers are increasingly joining issue over their respective rights and obligations.
As a result, insurers are also more frequently confronting issues relating to the effects of settlement agreements on contribution...