Policies’ Anti-Assignment Clauses Do Not Bar Coverage For Environmental Claims

(April 16, 2018, 1:42 PM EDT) -- TRENTON, N.J. — Insurers of an insured whose company was sold to another company in 1986 cannot rely on the policies’ anti-assignment clauses to deny coverage for environmental claims arising out of their insured’s business because the insured’s liability for the contamination attached prior to the sale of the company and during the applicable policies’ periods, the New Jersey Superior Court Appellate Division said April 13 (Cooper Industries LLC v. Columbia Casualty Co., et al., No. A-0593-15T1, N.J. Super., App. Div., 2018 N.J. Super. Unpub. LEXIS 868)....

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