The Ninth Circuit reversed a lower court ruling on April 23, 2026, holding that annual aggregate limits in legacy umbrella policies do not apply to property damage claims from Chino Airport environmental cleanup, potentially exposing the insurer to $162 million; the insured's breach of contract and bad faith claims remain pending.
Source: insurancebusinessmag. Original: https://www.insurancebusinessmag.com/us/news/risk-compliance-legal/ninth-circuit-blows-open-162-million-legacy-policy-fight-over-aggregate-limits-573072.aspx
