New York Court of Appeals October 16, 2001 (Travelers Casualty & Surety Co. v. Certain Underwriters at Lloyd's of London)

OPINION OF THE COURT

Graffeo, J.

These appeals present a common issue of contract interpretation: whether losses from environmental injury claims involving decades of commercial activities at numerous industrial and waste disposal sites may properly be aggregated as a single “disaster and/or casualty” under certain reinsurance treaties.