Insurance
Aug. 11, 2012
Insurance companies lose at state Supreme Court
In a big win for the government, the state Supreme Court unanimously ruled Thursday that insurance companies must pay out millions of dollars in liability insurance for the cleanup of a Riverside hazardous waste site.
Daily Journal Staff Writer
In a major win for the government, the state Supreme Court unanimously ruled Thursday that insurance companies must pay out millions of dollars in liability insurance for the cleanup of a Riverside hazardous waste site.
The decision was a blow to the insurance industry, which sought to limit liability and pay out only a portion of maximum policy limits. It could have a wide-ranging impact, giving insur...
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