Majority Says Policies’ Assignment Was Valid, Coverage Owed For Asbestos Liabilities

(July 13, 2022, 1:01 PM EDT) -- MILWAUKEE — The majority of the Wisconsin Court of Appeals on July 8 determined that a trial court erred in finding that the assignment of insurance policies to the insureds’ successor companies for underlying asbestos claims was not valid based on the policies’ anti-assignment provision because under Wisconsin law, anti-assignment provisions are unenforceable if the assignment occurs after the loss for which coverage is sought....

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