Insurance
Aug. 25, 2015
Insurance coverage for successors
In a recent case, the state high court fell in line with most of the rest of the country when it comes to the enforceability of "consent-to-assignment" clauses.
Kirk A. Pasich
Partner and Co-Leader of the Insurance Recovery Group
McGuireWoods LLP
Phone: (310) 956-3462
Email: kpasich@mcguirewoods.com
Loyola Law School
In 1939, the 8th U.S. Circuit Court of Appeals issued its landmark decision in Ocean Accident & Guarantee Corp. v. Southwestern Bell Telephone Co., 100 F.2d 441, cert. denied, 306 U.S. 658. In Ocean Accident, Kansas City Telephone (KCT) sold all of its assets and business to Southwestern Bell. The Jan. 22, 1927, bill of sale conveyed to Southwestern KCT's "property, rights and assets of whatsoever nature and description, real, personal or mixed, corporeal...
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