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Policies Were Not Properly Assigned, Illinois Appeals Panel Determines

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CHICAGO - An insurer has no duty to defend an insured's successor against environmental contamination claims because the insurance policies at issue were not properly assigned to the successor company, the First District Illinois Appellate Court said Feb. 15 (Water Applications and Systems Corp., n/k/a Wasco LLC v. Bituminous Casualty Corp., No. 1-12-0983, Ill. App., 1st Dist., Div. 6; 2013 Ill. App. LEXIS 66)....(read more)

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