No Coverage Owed Under Excess Policies For Insured’s Remediation Costs, Judge Says

Mealey's (November 26, 2018, 12:51 PM EST) -- NEW YORK — An insured seeking coverage for environmental remediation costs is not entitled to coverage under excess policies because the costs, when allocated on a pro rata basis over a 40-year period, do not reach the attachments points of the excess policies, a New York federal judge said Nov. 24 (Olin Corp. v. Certain Underwriters at Lloyd’s, London, et al., No. 18-8197, S.D. N.Y., 2018 U.S. Dist. LEXIS 199079)....