Pro Rata Ruling Could Make It To Mo. High Court

Law360, New York (November 19, 2012, 10:52 PM EST) -- A Missouri state court for the first time has held that long-term environmental losses should be divvied among insurers based on the amount of time they covered the risk — a costly ruling for policyholders that attorneys expect to land before the state high court, which has yet to weigh in on the high-stakes and hard-fought allocation debate.

The Nov. 9 decision was the first in Missouri court to touch the allocation question in the context of long-tail environmental claims, which involve property damage or injuries...
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