In an article titled, "2nd Circuit Walls Off Favored Path To Early Excess Coverage," Angelo Savino (New York, NY) of the Global Insurance Group comments on the topic of the Second Circuit last week gutting a key precedent that policyholders have long used to argue that excess liability insurers should drop down and pay for losses not covered by lower-level carriers, drawing narrow boundaries around an influential 1928 decision in ruling against the officers of bankrupt technology company Commodore International Ltd.

To read the article, click here.