CGL ruling saves insurers billions. (California Supreme Court decision on the suit against Industrial Indemnity Co. for commercial general liability ... & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on August 10, 1992. The length of the article is 809 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: A lower court ruling that held the Industrial Indemnity Co liable for unfair advertising claims against commercial general liability (CGL) policyholder Central Bank of Walnut Creek was overturned by the California Supreme Court. The decision relieved the property and casualty insurance industry of the possibility of billions of dollars in payments arising from similar patent, antitrust, and securities and bank fraud cases. The Supreme Court ruled that CGL policies cover advertising injury claims only when the insured's advertising activities are related to claims.

Citation Details
Title: CGL ruling saves insurers billions. (California Supreme Court decision on the suit against Industrial Indemnity Co. for commercial general liability coverage of advertising injury claims)
Author: Alfred G. Haggerty
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: August 10, 1992
Publisher: The National Underwriter Company
Issue: n32 Page: p1(2)

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