Montrose Again: California Adopts Vertical Exhaustion Theory of Access to Upper Level Excess Insurance Policies
In the latest iteration of the Montrose Chemical v. Superior Court[1] litigation, the California Supreme Court unanimously adopted the “vertical exhaustion” rule allowing policyholders to tap excess policies after having exhausted the underlying excess policies with lower attachment points in the same policy period. Notably, the case did not determine whether the horizontal exhaustion or
Read MoreKeep An Eye Out For ISO Endorsements CG 22 94 And CG 22 95 – Writing Out The Subcontractor Exception To The Completed Work Exclusion
Insurance companies routinely adopt standard insurance endorsements written by The Insurance Services Offices, Inc. (ISO). By using these forms, the insurance companies can save the expense of writing policies and standardized language that is thought to present less risk of adverse interpretation. The CG 20 10 11 85 is one of the most ubiquitous ISO
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