Court Upholds Anti-Stacking, Occurrence Policy Provisions

SEATTLE - Washington's Court of Appeals has affirmed the applicability of anti-stacking and occurrence provisions that limit coverage for water intrusion claims against a construction firm. Certain Underwriters at Lloyds London v. Valiant Insurance Co., No. 63692-8-1 (Wash. Ct. App.).

The court said in a published April 12 ruling that water intrusion over a period of years constituted a single occurrence under a succession of policies issued by Zurich entities.

Zurich affiliates Valiant Insurance co. and Northern Insurance Company of New York were among six insurers for Stratford Constructors, between 1999 and 2007, when Stratford agreed to a $5 million …