Porch Collapse Ruling Betrays Limits Of Occurrence Test
By Bibeka Shrestha ( January 14, 2013, 8:13 PM EST) -- An Illinois appeals court saved First Specialty Insurance Corp. $1 million by ruling Friday that a 2003 porch collapse in Chicago that killed 13 counted as one incident, a decision that exposes the limited reach of a controversial Illinois Supreme Court decision that set a new standard for calculating the number of occurrences under insurance policies....
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