Panel: Enhanced Coverage Does Not Apply Retroactively To Cover $3M Settlement

Panel: Enhanced Coverage Does Not Apply Retroactively To Cover $3M Settlement

SALEM, Ore. - An endorsement adding $2 million in umbrella coverage to a $1 million liquor liability policy did not retroactively fully cover a $3 million settlement arising from a fatal car accident, an Oregon appeals panel affirmed March 14 (Capitol Specialty Insurance Corporation v. Chan & Lui Inc., et al., No. A146888, Ore. App.; 2012 Ore. App. LEXIS 304).

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