No Coverage Owed For Contamination Costs Under Excess Policies, Panel Says

Mealey's (March 16, 2020, 11:47 AM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on March 12 affirmed a district court ruling that an insured seeking coverage for environmental remediation costs is not entitled to coverage under excess policies because the costs, when allocated on a pro rata basis over a 40-year period, do not reach the attachments points of the excess policies (Olin Corp. v. Certain Underwriters at Lloyd’s, London, et al., No. 19-424, 2nd Cir., 2020 U.S. App. LEXIS 8137)....