Viking Pump Tops Biggest Insurance Decisions Of 2016
By Jeff Sistrunk (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 industry's attention in early May when it unanimously held that the "all-sums" allocation method, under...
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