Originally published in the December 2020 edition of DRI’s For The Defense: The term “Amazon Effect” was coined to describe the impact of a departure from traditional business models in exchange for a new, diverse, and multi-faceted approach.  In the context of consumer goods, it describes the shift from shopping at brick-and-mortar stores to shopping

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