Case Study: California V. Continental Insurance

Law360, New York (August 27, 2012, 10:52 AM EDT) -- On Aug. 9, 2012, the California Supreme Court issued its highly anticipated decision in State of California v. Continental Insurance Co., S170506. The court’s opinion unanimously endorsed an “all-sums-with-stacking” rule for indemnity claims against successive policies arising out of progressive property damage.

State of California resolved two oft-disputed coverage issues: (1) how liability should be allocated across multiple successive policies in cases involving continuous, indivisible loss; and (2) whether the per-occurrence limits of successive, non-overlapping policies may be “stacked.”

The court’s opinion reaffirmed California’s commitment to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.