Insurance Assignment Rights Not Valid, NJ Justices Told
Troutman Sanders partner Patrick Hofer was quoted by Law360 in a Nov. 9 about an oral argument before the Supreme Court of New Jersey, in a case seeking to uphold the consent-to-assignment provision of standard liability insurance policies. Patrick had previously won the issue in the supreme courts of California, Indiana, and Ohio and in the Fifth Circuit (applying Texas law), but the Supreme Court of California reversed itself, in a case handled by a different firm, last year. Patrick argued that New Jersey consistently has prohibited transfer of insurance policies to new entities without insurer consent and argued that the most recent California case should not be followed.