Insured Seeks Rehearing, Says No Contribution Owed For Defense Costs

(March 1, 2016, 12:13 PM EST) -- ST. LOUIS — An insured argues in a Feb. 23 petition for rehearing that the Eighth Circuit U.S. Court of Appeals erred in ruling that an insurer is entitled to contribution from a second insurer for defense costs spent in four underlying benzene-related lawsuits because the insured, not the second insurer, was responsible for the defense costs pursuant to the contract between the insured and the second insurer (Continental Casualty Co. v. The Valspar Corp., No. 15-1547, 8th Cir.).

(Petition for rehearing available. Document #03-160302-003B.)...
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