Law360, New York (May 11, 2011, 8:35 PM ET) -- The Supreme Court of Louisiana ruled Tuesday that insurance policies can prohibit assignments made after a loss has accrued as long as they clearly say the ban applies to post-loss transfers of policies.
Ruling on a certified question from the Fifth Circuit, the court said no state law or regulation precluded an anti-assignment clause from applying to the post-loss assignment of all or part of an insurance policy without the insurer’s consent, provided the policy was unambiguous.
The decision will guide federal multidistrict litigation proceedings brought...
Policy Assignments Can Be Barred: La. High Court
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