This Simpson Thacher & Bartlett LLP memorandum discusses two important asbestos-related decisions: one rejecting a policyholder’s attempt to access “non-products” coverage, and the other leaving open the possibility of the appointment of a receiver for a dissolved company in order to allow asbestos claimants to access insurance proceeds. It also address decisions relating to the scope of “advertising injury” and “additional insured” coverage and the meaning of the term “occurrence” in the context of faulty workmanship claims. In addition, this memorandum discusses recent opinions on late notice and a policyholder’s obligation to tender defense of a claim to its insurer. Finally, it highlights significant rulings in the bankruptcy and arbitration contexts, some of which involve splits of authority among federal circuit courts.