We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Insurer Loses Asbestos Claims Fight At Appeals Court

Law360, London (April 17, 2019, 3:57 PM BST) -- An insurer cannot allocate a full claim for asbestos-related losses in a reinsurance policy to the year of its choice, London’s appellate court ruled Wednesday, as it allowed an appeal by Equitas Insurance Ltd. against an arbitral ruling that went in favor of Municipal Mutual Insurance.

The Court of Appeal said that Municipal Mutual, which is now defunct, was not entitled to have presented reinsurance claims arising from payouts for mesothelioma — a form of cancer linked to exposure to asbestos — to the triggered reinsurance contract of its choice, a practice known as “spiking.”

Judge Stephen Males said that Equitas...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Law Firms