Liability Risk and Insurance
Y2K sue-and-labor claim rejected
Policyholders seeking to recoup their costs in avoiding the effects of the Y2K bug (remember that, when the electronic world
was expected to grind to a halt on Millenium night?) have been set back by a ruling of the State of Washington Court of Appeals
that insurers cannot be required to pay under sue-and-labor clauses. This in relation to property policies held by the Port
of Seattle.