Calif. Long-Tail Ruling Continues Policyholder-Friendly Trend

Calif. Long-Tail Ruling Continues Policyholder-Friendly Trend

July 1, 2024, Law360

Back in 1974, Truck Insurance Exchange issued a primary policy that had no aggregate limits of liability — i.e., no limits on the number of claims that Truck would cover — which was an almost unheard-of grant of coverage. As a result, Truck found itself responsible for tens of thousands of asbestos bodily injury claims subsequently asserted against Truck's insured, Kaiser Cement & Gypsum.