[CPEO-BIF] State Supreme Court says insurance company don't have to pay client

[CPEO Moderator <cpeo@cpeo.org>]

State Supreme Court says insurance companies don’t have to pay clients cleanup
costs 

By The Associated Press and News-Sentinel staff 
Lodi News Sentinel

http://lodinews.com/display/inn_news/04_insurance.txt

SAN FRANCISCO — Insurance companies do not have to pay their clients’
environmental cleanup costs ordered by regulatory agencies, the California
Supreme Court ruled Thursday in a closely followed case. 
The high court, on a 5-2 vote, said insurance companies are only liable for
cleanup costs arising from court orders. 

The decision is likely to produce delays in cleanups and potentially straddle
hundreds of companies with millions in costs that, until Thursday, were covered
under so-called “comprehensive general liability insurance policies.” 

Insurance companies hailed the ruling, the nation’s third on this issue
following Maine in 1990 and Illinois in 1997. 

continued...

http://lodinews.com/display/inn_news/04_insurance.txt

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