Long-Tail Allocation Dispute Lands Before Ohio High Court

Law360, New York (July 8, 2013, 3:37 PM EDT) -- A federal judge on Wednesday asked the Ohio Supreme Court to decide a high-stakes allocation question in The Lincoln Electric Co.'s lawsuit demanding coverage from Travelers Casualty & Surety Co. and St. Paul Fire & Marine Insurance Co. for some of its $91 million in costs from long-tail injury claims.

U.S. District Judge Donald Nugent sought the state high court's guidance in determining whether a policyholder that settles long-tail coverage with a primary insurer on a pro rata basis can later switch to an "all-sums" method...
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