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- Title
APPLYING SECOND CIRCUIT'S RULE FAVORING PRORATA ALLOCATION OF COVERAGE RESPONSIBILITY, FEDERAL DISTRICT COURT HOLDS OLIN RESPONSIBLE FOR HALF THE COSTS OF POLLUTION CLEAN DUE TO 14 YEARS OF SELF-INSURANCE.
- Abstract
The article examines a Manhattan federal trial court ruling which holds Olin Corporation responsible for half the costs of pollution clean due to 14 years of self-insurance. The Olin Corporation v. Insurance Co. of North America case resulted from an Environmental Protection Agency order requiring Olin to cleanup a fertilizer plant site near Williamston, North Carolina. After the trial, it was determined that there was injury to property covered by insurance for the years 1958 through 1985. However, Olin was self-insured for the 1971 through 1985 period.
- Subjects
MANHATTAN (New York, N.Y.); OLIN Corp.; INSURANCE Co. of North America; LEGAL judgments; INSURANCE; DISTRICT courts; ENVIRONMENTAL protection; ACTIONS &; defenses (Law); CIVIL procedure
- Publication
Journal of Risk & Insurance, 1998, Vol 65, Issue 2, p337
- ISSN
0022-4367
- Publication type
Article