No Basis To Extend Liability For Defense Costs Outside Of Policy Period, Panel Says

Mealey's (July 13, 2021, 8:33 PM EDT) -- NEW ORLEANS — A Louisiana appeals panel on June 23 held that a lower court correctly applied the time-on-the-risk formula and that there is no basis for extending liability for defense costs outside of the insurers’ policy periods, further finding that the “Other Insurance” clauses do not apply to defense costs for an asbestos liability lawsuit in which an employer asserted that coverage is unavailable because it purchased insurance from a company that has since become insolvent....

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