We are pleased to present the inaugural edition of our Insurance Coverage Newsletter. Our goal is to address current insurance and reinsurance coverage issues of interest and present them to our many clients and friends. In this edition, we explore a diverse range of topics impacting coverage issues across the United States. First, I examine the issue of late notice in my paper entitled: "The Role of Liability Insurance Policy Notice Provisions in Product Liability Claims," which was presented at the recent Product Liability Advisory Council Insurance Coverage Disputes Conference. I additionally provide an update of recent developments impacting Illinois' unique targeted tender rule. Next, Bill Howard presents his survey of significant developments in Pennsylvania insurance law during 2006. Greg Lowry explores the question of a self-insured's duty to accept a settlement to protect its excess carrier. Christina Schmucker examines recent developments impacting the interpretation of motor truck cargo policies, and Shelly LeVick Masters discusses the Texas Supreme Court's recent interpretation of the mold exclusion commonly found in standard property insurance policies. Finally, I examine a recent New York Court of Appeals decision addressing trigger issues for asbestos claims.
Thank you for taking the time to review this newsletter. Please feel free to distribute this newsletter to others or to request additional copies. We welcome your questions, comments and suggestions for future editions.
Lawrence D. Mason, Editor