Excess Insurers Must Bear Cost Of Insurer’s Insolvency, Missouri Federal Judge Says

(February 7, 2020, 4:35 PM EST) -- SPRINGFIELD, Mo. — A Missouri federal judge on Jan. 31 denied a motion for summary judgment filed by two excess insurers in an asbestos coverage dispute after determining that the excess insurers must bear the cost of an underlying insurer’s insolvency because the excess policies at issue do not explicitly exclude the “drop down” of coverage (O’Reilly Auto Enterprises LLC v. United States Fire Insurance Co., et al., No. 17-3007, W.D. Mo., 2020 U.S. Dist. LEXIS 18422)....

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