'All-sums' policy language provides an incentive for beneficial economic activity because it allows businesses to spread more of their risk.
November 27, 2012 at 05:51 PM
1 minute read
In a victory for California policyholders, their state Supreme Court unanimously recognized that all liability insurance policies triggered by continuing injury or damage will pay “all sums” the policies have long promised in their standard language.
The New Jersey Supreme Court should consider the same approach.
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