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Although the written contract or agreement requirement in most blanket additional insured endorsements seems straightforward, courts have identified a variety of contractual arrangements that can satisfy the obligation. Entities seeking and/or providing additional insured status should carefully consider relevant precedent in evaluating their position. Read the rest of the article here.
AIG Specialty Insurance Co. has prevailed in a dispute with Tesoro Corp., with a federal appeals court upholding a lower court ruling that concluded the insurer was not obligated to provide coverage for an environmental claim because the petroleum refinery firm had failed to list a subsidiary as the named insured. Read the rest of the article here.