Ill. Appeals Court Holds Asbestos Insurers To 'All Sums'

Law360, New York (March 7, 2013, 2:50 PM EST) -- An Illinois appeals court ruled Tuesday that excess insurers should cover John Crane Inc.'s costs from more than 250,000 asbestos claims under the "all sums" approach, rejecting insurers' arguments that a landmark Illinois Supreme Court ruling on allocating long-tail claims didn't reach excess carriers.

John Crane, a manufacturer of asbestos-containing gaskets, successfully challenged the lower court's finding that umbrella and excess insurers should pay based on the pro rata allocation method, rather than the all sums approach.

Overturning that holding, the appeals court stressed that the...
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