Calif. Justices Set Montrose's Excess Enviro Coverage Path
Insurance recovery partner Mary McCutcheon commented on the California Supreme Court's decision in the Montrose Chemical Corp. of California v. Superior Court of Los Angeles County case.
In the article, Mary noted that although the decision may be favorable to policyholders overall, companies' road to recovering insurance proceeds may still be delayed by disputes among insurers during settlement negotiations.
"On paper, vertical exhaustion would seem to ease the burden on policyholders," she said. "As a practical matter, though, I often find that insurance companies want to work out inter-insurer disputes before committing to settlements, so there may still be hurdles for policyholders."
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