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Horizontal Exhaustion Not For Excess Policies Under NY Law

By Bibeka Shrestha (April 8, 2014, 10:08 PM EDT) -- Tackling an issue of first impression, a Delaware judge has predicted New York's top court won't require all excess policies in one layer to be exhausted before any excess policies in the next layer can be triggered, siding with pump manufacturers on the issue in a high-stakes asbestos coverage battle....

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