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Consent to Assign Provision May Not Apply

posted 252 weeks ago on Specialty Insurance Blog

Insurance agents with clients who are in an acquisition mode may be interested in any recent court decision in Indiana. In this decision, the court determined that consent to assign provisions in occurrence policies do not necessarily preclude the acquiring company from seeking coverage under the policies. In Travelers Casualty and Surety Co. et. al vs. United States Filter Corp (see here, and here for a summary) the court made the following comments:The failure of the parties to comply with...
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