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New Jersey Appellate Court Keeps "Running Spigot" Open on ...

2014-10-25 09:32:20| Industrial Machines - Topix.net

New Jersey Appellate Court Keeps "Running Spigot" Open on Allocation of Defense Costs Under Non-Eroding-Limit Fronting Policies New Jersey's Appellate Division recently affirmed each of several challenged rulings rendered in a long-running coverage dispute between plaintiff IMO Industries and its many historical insurers arising from asbestos exposure-related injuries dating back to the 1940's. IMO sought declaratory and other relief to establish IMO's and the defendant insurers' respective obligations for defense and indemnity of underlying personal injury lawsuits against IMO.

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