Lloyd's May Bring All-Sums Ruling To Mo. High Court's Door

Law360, New York (April 17, 2013, 8:16 PM EDT) -- With its $62 million ruling against Lloyd's of London on Tuesday, a Missouri appeals court set a precedent that helps policyholders win generous coverage for long-tail claims under the all-sums approach and created an opening for the Missouri high court to decide the allocation question in a state with sparse case law on the point.

The Missouri Supreme Court has not yet tackled the high-stakes question of whether insurers should cover long-tail claims based on the amount of time that they covered the risk — the...
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