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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.