Settlement Of Defective Resin Claims Cannot Be Allocated To Only 1 Policy

(April 24, 2020, 8:26 AM EDT) -- COLUMBUS, Ohio — An umbrella liability insurer cannot be held liable for the entire cost of an insured’s settlement of an underlying claim arising out of the insured’s defective resin, the Ohio Supreme Court said April 23 in answering a district court’s certified question in the negative (Lubrizol Advanced Materials Inc. v. National Union Fire Insurance Company of Pittsburgh, Pa., et al., No. 2018-1815, Ohio Sup., 2020 Ohio LEXIS 1009)....

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