Law 360
A policyholder can tap into first-layer excess policies as soon as the primary coverage for that period is exhausted, the California Supreme Court ruled, potentially implicating several first-level excess insurers to contribute to coverage for underlying asbestos exposure claims against Kaiser Cement and Gypsum Corp.
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Source: https://uphelp.org/excess-insurers-may-need-to-pay-in-kaiser-asbestos-dispute/
Date: June 30, 2024