State of Existing Allocation Law, With a Focus on Asbestos, Environmental, and Other Long-Tail Claims
Tancred Schiavoni
O’Melveny & Myers LLP
Frank Winston Jr.
Partner
Steptoe & Johnson LLP
Laura A. Foggan
Partner
Wiley Rein LLP
Jeffrey O. Davis
Partner
Quarles & Brady LLP
Sharon T. Doherty
Senior Coverage Counsel, NAC Claims Legal Group
Zurich North America
- All sums
- Impact of newer “those sums” language on allocation issues, including in states where allocation has been addressed under prior policy language
- How credits for prior settlements are handled in allocation
- Pro rata
- Start and end dates for proper application of pro rata allocation
- Others (e.g. New Jersey’s approach in Carter Wallace)
- Texas’ approach
- Differences amongst the approaches to allocation used for asbestos, environmental, and other long-tail claims
- Unique issues that arise
- Best practices for overcoming unique challenges
- “Other insurance” clauses vs. public policy
- Independent counsel (Cumis)
- Rights to and limitations on Cumis counsel
- Examples of when the right is triggered