A Missouri appellate panel recently upheld a lower court’s ruling in favor of the insured that an “all-sums” allocation would apply to determining exhaustion of the insured’s liability insurance coverage and, in so holding, rejected the pro-rata, proportional allocation sought by the insurers. The appellate panel further held that coverage could be exhausted vertically.
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Continue Reading Another State Appellate Court Adopts “All-Sums” Approach And Vertical Exhaustion For Long-Tail Disputes