Excess Insurers Must Make Simultaneous Payments, Wisconsin Panel Determines

Excess Insurers Must Make Simultaneous Payments, Wisconsin Panel Determines

MILWAUKEE - Excess insurers must simultaneously pay their indemnity obligations on behalf of an insured named in hundreds of thousands of underlying asbestos suits because a 2007 judgment pertaining to the coverage obligations and the insurance policies at issue clearly support paying the claims simultaneously, the First District Wisconsin Court of Appeals said Oct. 29 (Cleaver-Brooks Inc. v. AIU Insurance Co., et al., No. 2013-AP-203, Wis. App., Dist. 1; 2013 Wisc. App. LEXIS 899).

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