Analysis

Calif. Justices May Ease Policyholders' Road To Recovery

By Jeff Sistrunk (December 6, 2017, 9:58 PM EST) -- California's high court recently agreed to decide whether a former pesticide manufacturer must deplete all its lower-level policies before it can tap into valuable excess policies to cover environmental damage claims, and attorneys say a contrary ruling, which would instead allow the company to target carriers in a single policy year, could speed policyholders' path to recovery.

Last week, the California Supreme Court granted Montrose Chemical Corp. of California's petition for review of a state appellate panel's ruling in September setting ground rules for how and when the company can obtain coverage under its excess policies for claims spanning several decades....

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