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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.

38 minute read August 02, 2014 at 12:00 AM
By
Jennifer R. Devery and Rachel Gart
Corporate Successorship: What You Don't Know Could Cost You

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.

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