No Coverage Owed As Policies Were Not Validly Assigned, Delaware High Court Says

(July 17, 2018, 11:08 AM EDT) -- DOVER, Del. — The Delaware Supreme Court on July 16 reversed a lower court’s ruling in favor of an insured in an asbestos coverage dispute after determining that Texas law, which does not recognize the assignment of insurance policy rights without an insurer’s consent, applies to the policies at issue and, therefore, no coverage is owed under the policies because the insured did not obtain the insurer’s consent before assigning the policies at issue (The Travelers Indemnity Co. v. CNH Industrial America LLC, No. 420, 2017, Del. Sup., 2018 Del. LEXIS 334)....

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