California Supreme Court
Aug. 22, 2015
Obscure 1872 law provides new insurance policy guidance
Applying an obscure state statute first enacted in 1872, the state Supreme Court decided Thursday that Fluor Corp. was authorized to transfer its liability insurance coverage to a spinoff entity without getting the consent of its carrier.
Daily Journal Staff Writer
Applying an obscure state statute first enacted in the 19th century, the state Supreme
Court decided Thursday that Fluor Corp. was authorized to transfer its liability insurance
coverage to a spinoff entity without obtaining the consent of longtime carrier Hartford
Accident & Indemnity Co.
The unanimous opinion author...
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