Under the seminal case of Owens-Illinois v. United Ins. Co., the New Jersey Supreme Court held that under the Keane rule, a policyholder's entire liability can be allocated to a single triggered policy. The policyholder can only assume the portion of the risk for which insurance is available, but instead choose to forego purchasing it and self-insure. But when insurance is not available for the risk of the policyholder's business, here silica and asbestos liabilities, allocation to the policyholder is inappropriate. UP urged the Court to reject the insurers' interpretation that such a rule should be turned on its head to mean that a policyholder assumes the risk of continuing its business operations despite the unavailability of insurance to cover the risks involved. Absent a compelling justification, the doctrine of stare decisis - the principle that a court is bound to follow (not reinterpret or reverse) settled precedent - should prevail. The doctrine "promotes [the important public policy' goals of evenhanded, predictable, consistent development of legal principles, fosters reliance on judicial decisions, and contributes to the actual and perceived integrity of the of the judicial system." In this specific context, stare decisis had led to the settlement of complex coverage cases outside of litigation and the remediation of environmental harms.
"We are so grateful that a consumer-focused organization like UP – completely independent of the insurance industry – is there to help families and individuals, homeowners and renters alike, navigate the confusing claims process after a disaster, and to help them before a crisis as well."