Continental Dodges Montello Asbestos Coverage Suit

Law360, New York (October 16, 2012, 2:43 PM EDT) -- Continental Casualty Co. on Monday escaped a suit brought by Montello Inc. after an Oklahoma judge determined Montello could not prove the insurer owed it coverage for hundreds of asbestos claims under a policy for which it no longer has the paperwork.

Judge James H. Payne determined that Montello, a distributor of products used in the oil-drilling industry, could not prove insurance coverage under two excess liability umbrella policies allegedly issued by Continental — for which Montello no longer has physical copies — given the secondary...
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