Business Services Industry
Court puts limits on cleanup cover; Indemnity under CGL policy at issue.(Statistical Data Included)
Business Insurance, February, 2001 by CENICEROS, ROBERTO
SAN FRANCISCO--A California Supreme Court ruling could increase litigation as policyholders find court-ordered damages against them are now a prerequisite for obtaining pollution cleanup coverage under commercial general liability policies, policyholder attorneys say. But attorneys who represented insurers in the widely watched case disagree with the contention that the court's Feb.
1 finding in Certain Underwriters at Lloyd's of London et al. vs. Powerine Oil Co. et al. will generate more lawsuits. The court ruled in a 5-2 decision that insurers are not obligated under CGL policies to indemnify policyholders for pollution remediation orders issued by government agencies. Language in the CGL policies limits insurer responsibility for indemnity costs to...
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