State of California v. Continental Insurance Company, et al. (2012) 55 Cal.4th 186
Sep 19, 2012OUTCOME: This lead to the right to have the case retried which lead to settlements of over $10 million.
Defendant insurance companies appealed from the Court of Appeal's reversal of the trial court's finding the defendants owed my client, the policyholder State of California, nothing due to an "anti-stac ... king" of insurance policies rule. The California Supreme Court upheld the Court of Appeal's ruling that the State of California was entitled to "all sums" of its liability from each insurer in any property damage happened during the policy period and was also entitled to the proceeds from all policies in which some property damage happened.
