Cozen O’Connor: The Biggest Property & Casualty Insurance Decisions Of 2018

The Biggest Property & Casualty Insurance Decisions Of 2018

Friday, December 14, 2018

Stephen Pate, a member in the firm Global Insurance Department, was quoted in Law360's feature "The Biggest Property & Casualty Insurance Decisions of 2018." Insurance attorneys received guidance from courts on a host of critical coverage issues in 2018, including the New York high court's holding that an insurer cannot be held liable for a policyholder's cleanup costs for years in which no pollution insurance was available and two appeals courts' rulings that insurers must cover losses from email-based scams. In the article, Stephen discusses one of the biggest insurance decisions of 2018: KeySpan v. Munich Re. Stephen believes the New York Court of Appeals' ruling merely honored the language of KeySpan's policies. While KeySpan asserted a "strong public policy argument" that an unavailability exception would help maximize policyholders' recovery, the state high court refused to let those considerations override the clear policy terms.

 

To read the full article, click here