In today's increasingly complex and fluid corporate world, companies ' many of which are involved in product liability litigation ' are bought, sold and merge. Consequently, insurers are routinely presented with claims from companies with no apparent connection to the insured named in the policy.
Corporate Successorship: What You Don't Know Could Cost You
A corporate successor's right to coverage under a predecessor's policy is not a foregone conclusion. Thus, to protect against paying claims in error, an insurer's first line of defense is awareness of the issues.
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