Insurance Law Alert, December 2013
This Alert discusses recent rulings relating to the availability of excess coverage following a below-limits settlement, the number of occurrences arising out of distribution-based claims, and whether faulty workmanship constitutes a covered "occurrence." In addition, we address decisions relating to the pollution exclusion, an insurer’s right to recoup defense costs, and the anti-subrogation doctrine. Finally, we highlight a Delaware Supreme Court ruling that holds that unused insurance policies may constitute assets of a dissolved company justifying the appointment of a receiver. Happy Holidays!