Owens-Illinois, Inc., a Corporation Duly Organized Under the Laws of the State of Ohio, Plaintiff-Respondent, v…

Summary

The New Jersey Supreme Court held that asbestos-related personal injury claims are covered under the manufacturers' CGL policies by applying a continuous‑trigger theory, treating each policy year as a separate occurrence. It also reversed the Appellate Division’s allocation scheme and remanded for a master to devise a formula that allocates indemnity and defense costs based on the time each insurer was on risk and the degree of risk assumed.