Panel Majority Says Primary Policies Are Subject To $20M Per-Occurrence Limit

Mealey's (June 16, 2020, 10:14 AM EDT) -- CHICAGO — The majority of a First District Illinois Appellate Court panel on June 12 affirmed a trial court’s ruling in an asbestos coverage dispute after determining that the insured’s primary policies are not annualized and are each subject to a per-occurrence limit of $20 million (John Crane Inc. v. Allianz Underwriters Insurance Co., et al., No. 1-18-0223, Ill. App., 1st Dist., 6th Div., 2020 Ill. App. LEXIS 369)....