Law360, Los Angeles (October 4, 2017, 4:44 PM EDT) -- A Missouri appeals court on Tuesday upheld a lower court's ruling that industrial supply company Nooter Corp. may seek to hold its insurance policies in a given year fully liable for losses from asbestos injury claims up to policy limits, rejecting the notion that Nooter's coverage must be prorated among policies in multiple years.
In a sprawling 78-page opinion rendered in a dispute between St. Louis-based Nooter and eight of its excess insurance carriers over coverage for thousands of asbestos claims, a panel of the Missouri Court of Appeals agreed with the trial court's decision to apply "all sums" allocation to...
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