- Decade: 1990s
- Organization: American Steamship Owners Mutual Protection and Indemnity Association, Inc. (American Club)
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2 results for “General Electric”
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Court case · U.S. Bankruptcy Court, Southern District of New York · November 5, 1996
In re Prudential Lines, Inc. (1996)
…extrinsic evidence did not resolve the ambiguity in "occurrence", so the term meant the general presence of asbestos on each PLI vessel in each triggered policy period. American Club could apply only one deductible per policy…
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Court case · U.S. Bankruptcy Court, Southern District of New York · December 10, 1992 · in the opinion
In re Prudential Lines, Inc. (1992)
…however, that Asbestosis Claimants' position misconstrues the general rules of insurance law and contractual interpretation applicable here. At the most basic level, the P & I policies that PLI purchased were yearly contracts for indemnification for losses…