Insurance,
Civil Litigation
Aug. 24, 2021
LA judge addresses ‘every major insurance defense’ to asbestos liability coverage
“For policyholders that are facing massive product liability losses that are going to stretch for decades, this coverage action flushed out every major or significant defense that carriers have had in an asbestos coverage case and how a comprehensive insurance program is going to respond to those losses,” said Morgan Lewis & Bockius partner Gerald P. Konkel.
Morgan Lewis & Bockius client ITT Inc. has prevailed in the final stage of an 18-year, nearly $2 billion insurance coverage dispute with a Los Angeles judge commenting that the case provided a "road map" resolving essentially every insurance coverage issue presented by "long tail" suits.
Commenting Friday, Morgan Lewis Washington D.C. partner Gerald P. Konkel said the nearly 600-page judgment entered by Los Angeles County Superior Cour...
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