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NY Allocation Ruling Speeds Policyholders' Road To Recovery

By Jeff Sistrunk ( May 3, 2016, 10:53 PM EDT) -- The New York high court's Tuesday ruling that each excess insurance policy covering Viking Pump Inc. and Warren Pumps LLC can be held liable for an entire loss resulting from asbestos claims gives policyholders a faster, cost-efficient path to coverage for multiyear claims by allowing them to target carriers in a single year, experts say....

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