Law 360
A South Carolina state court’s recent ruling in Covil v. Pennsylvania National is the latest in a series of decisions, dating back to the 2016 New York Court of Appeals ruling in Viking Pump, that reject insurers’ pro rata allocation argument, further supporting that all sums coverage is required whenever a loss could be covered under a policy in any other year, say Raymond Mascia and Thomas Dupont at Anderson Kill.
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Source: https://uphelp.org/sc-ruling-reinforces-all-sums-coverage-trend/
Date: May 19, 2024