Excess Policies Provide Only 1 Limit For Each Occurrence During Policy Term

( April 16, 2024, 8:13 AM EDT) -- PITTSBURGH — Three excess insurance policies implicated in an asbestos coverage dispute provide aggregate limits on an annualized basis but provide only one limit for each occurrence during the applicable policy term, a Pennsylvania federal judge said in ruling on a number of motions for summary judgment filed by insurers involved in the coverage dispute....