Top Court Ruling Seen As Insurance Neutral
Insurance coverage experts see no overall impact on insurer liabilities from a December 2004 U.S. Supreme Court ruling.
The ruling in Cooper Industries Inc. vs. Aviall Service Inc. essentially said a polluter cant bring contribution actions under the Comprehensive Environmental Response, Compensation and Liability Act against other potentially responsible parties to recover cleanup costs if the polluter did a voluntary cleanupin other words, if the polluter itself was not first subject to a CERCLA suit or administrative or judicially approved settlement.
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