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The Allocated Share Set-Off Rule: New York Enters the Debate

Until recently, New York courts — the venue for much of the seminal insurance law developed in the United States — had not directly weighed in on the allocated share set-off rule. Recently, however, a New York trial judge issued a partial summary judgment decision that expressly adopted the rule in the context of long-tail asbestos claims.

22 minute read December 21, 2011 at 10:44 AM
By
Harry Lee
The Allocated Share Set-Off Rule: New York Enters the Debate

Long-tail environmental and toxic tort claims have spawned decades of hard-fought insurance coverage litigation.

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