Richard B. Friedman, a partner at McKenna Long & Aldridge, writes that, although horizontal exhaustion remains generally the law in New York, the First Department's decision in 'St. Paul Mercury' shows that insurance coverage law is ever changing and provides insurers with the ammunition to argue for greater use of vertical exhaustion in certain circumstances.
'Additional Insured' Coverage in Construction Defect Claims
New York Law Journal
June 5, 2013
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