No Coverage For Asbestos Settlement; Self-Insured Retention Not Met, Panel Says

Mealey's (April 6, 2018, 1:12 PM EDT) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals on April 4 affirmed a district court’s ruling that an insured is not entitled to reimbursement for defense expenses and settlement costs arising out of an underlying asbestos exposure claim because the settlement did not exceed the policies’ self-insured retention (City of Phoenix v. First Place Insurance Company, et al., No. 16-16767, 9th Cir., 2018 U.S. App. LEXIS 8554)....