Calif. Appeals: No Coverage For Post-Policy Asbestos and Environmental Liabilities

SAN FRANCISCO - A comprehensive general liability (CGL) insurance policy cannot be expected to cover property acquired after the policy period, despite the actual date of the damage, a California appeals court has ruled. Tosco Corp. v. General Insurance Company of America, et al., Nos. A082765, A084044, A086154 (Calif. Ct. App., 1st Dist.).

Upholding a trial court's summary judgment in favor of three insurers, the First Division California Court of Appeals said Dec. 29 that it would not part with the California Court of Appeal ruling in A.C. Label Co. v. Transamerica Insurance Co., 48 Cal.App.4th 1188.

The Fourth District …