Law360, Los Angeles (December 13, 2016, 3:31 PM EST) -- New York's highest court sent shockwaves through the insurance industry this year when it ruled that Viking Pump and Warren Pumps could hold policies in a single year liable for their entire loss from scores of asbestos claims while other courts issued key guidance on coverage for faulty workmanship and property damage with multiple causes.
Here, Law360 looks back at the five biggest insurance rulings of the year.
In re: Viking Pump and Warren Pumps Insurance Appeals
The New York Court of Appeals seized the insurance...
Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.