In State Automobile Mutual Ins. Co. v. Flexdar, the Indiana Supreme Court has just held that the so-called “absolute” pollution exclusion contained in general liability insurance policies from 1986 forward is ambiguous and unenforceable. The Court basically found that the exclusion does not define “pollutant” with sufficient specificity, and that, read literally, the exclusion
March 2012
Fidelity insurance and Ponzi schemes
By Gene Killian on
Spring is a time of rebirth and hope, especially for baseball fans. No matter how badly your team played last year, when March rolls around, you’re tied for first! That is, unless (like me) you’re a fan of the woeful New York Mets. After just a few weeks of spring training, their third baseman already…