NJ High Court Tackles Insolvent Insurer Coverage Dispute

Law360, New York (January 2, 2013, 6:16 PM EST) -- An attorney for Farmers Mutual Fire Insurance Co. on Wednesday urged the New Jersey Supreme Court to reverse an appellate division finding that solvent insurers have to exhaust their coverage of environmental cleanup costs before a state guaranty association for insolvent carriers must contribute.

The case touches on the method in the state for allocating coverage obligations for continuous environmental contamination among multiple policies and insurers, as developed in the 1994 case of Owens-Illinois Inc. v. United Insurance Co. Here, an insolvent insurer was partially responsible...
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