Northern Insurance Company of New York, Plaintiff-Appellee-Cross-Appellant v. Allied Mutual Insurance Company, Defendant-Appellant-Cross-Appellee

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that rights under an insurance contract issued to a predecessor corporation are transferred to the corporate successor despite the existence of a “no assignment” clause in the insurance contract
• agreeing with Ocean Accident’s analysis that “rationale for honoring ‘no assignment’ clauses vanishes when liability arises from presale activity”
• agreeing with Ocean Accident 's analysis that \rationale for honoring `no assignment' clauses vanishes when liability arises from presale activity\
• purchase of substantially all of predecessor's assets transferred insurance coverage to successor by operation of law
• purchase of substantially all of predecessor’s assets transferred insurance coverage to successor by operation of law
• a successor’s characteristics are not important because the insurer still covers only “the risk it evaluated when it wrote the policy”

Source: CourtListener parenthetical corpus (CC0).