Insurer Owes $25M For Contamination Costs Incurred By Insured’s Successor

Mealey's (February 8, 2021, 10:51 AM EST) -- NEW YORK — In an environmental contamination coverage dispute that has been pending for more than 30 years, a New York federal judge on Feb. 4 determined that an insurer must pay an insured approximately $25 million for past environmental contamination XE "environmental contamination"  costs incurred at one of the insured’s sites because there is no genuine dispute of material fact that the costs incurred by the insured’s successor arose as a result of the insured’s operations at the site....