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Risk and Recovery: Legal Insights for the Insured

Tag Archives: anti-assignment clauses

California Supreme Court Limits Enforceability of Anti-Assignment Clauses

Posted in Commercial General Liability (CGL)

In a unanimous decision handed down by the California Supreme Court yesterday afternoon in Fluor Corporation v. Superior Court, the court removed a significant obstacle facing companies that want to assign their interests in a third party insurance policy to a successor company as part of a corporate restructuring or sale. It held that an… Continue Reading