Insurers See Ways Around Chubb's Superfund Loss In 9th Circ.

Law360, New York (March 18, 2013, 8:49 PM EDT) -- With its recent ruling against Chubb Insurance Co., the Ninth Circuit eliminated a shortcut under the federal Superfund law that allowed insurers to win back money spent on environmental cleanup, but carriers itching to cut their losses still have several options at their fingertips, attorneys say. 

Friday's 2-1 decision stops insurers from launching subrogation lawsuits under Section 107 of the Comprehensive Environmental Response Compensation and Liability Act to offset their payments on pollution claims. Insurance companies that bring subrogation suits step into the shoes of their...
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