New York’s Highest Court Finds All-Sums Allocation, Vertical Exhaustion Apply

(May 3, 2016, 2:15 PM EDT) -- ALBANY, N.Y. — In answering certified questions from the Delaware Supreme Court in an asbestos coverage suit, the New York State Court of Appeals on May 3 determined that the language in the insurance policies at issue require an all sums method of allocation and vertical exhaustion of the policies at issue (Viking Pump Inc. v. Century Indemnity Co., et al. Warren Pumps LLC v. Century Indemnity Co., et al., Viking Pump Inc. v. John Crane Inc., Houdaille Industries Inc., No. 59, N.Y. App.).

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