N.Y. Asbestos Claims Not Subject To Aggregate Limits
Scott N. Godes [formerly] is counsel in Dickstein Shapiro’s Insurance Coverage Practice.
Law360, New York (August 10, 2007) — One of the most hotly contested questions in the asbestos insurance coverage area is whether certain asbestos-related bodily injury claims fall outside of the products hazard and completed operations hazard in standard form comprehensive general liability (“CGL”) policies.
Insurers view this as a “bet the company” dispute because third-party claims that fall outside of those hazards—so-called non-products claims—are not subject to aggregate limits in most CGL policies….
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