Excess Insurer Owes More Than $55M For Environmental Contamination Claims

Mealey's (April 20, 2018, 1:13 PM EDT) -- NEW YORK — A New York federal judge on April 18 determined that an excess insurer owes its insured more than $55 million for environmental contamination costs incurred by the insured after an offset of approximately $2.6 million is applied based on the insured’s global settlement with its other insurers (Olin Corp. v. Lamorak Insurance Co., et al., No. 84-1968, S.D. N.Y., 2018 U.S. Dist. LEXIS 65446)....

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