Corporate Spin-Off Does Not Transfer Insurance Coverage

In Fluor Corp. v. Superior Court (2012), the court held that an insurance policy’s clause requiring the insurer’s consent to an assignment of rights under the policy was valid. Fluor Corporation (here called Fluor-1) was formed in 1924 Fluor-2 was formed in the fall of 2000 to take in part in a corporate restructuring referred…

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