Wisconsin intermediate appellate court held that the carrier’s consent in an anti-assignment policy does not apply to an assignment of coverage for pre-closing losses. M&A Stories September 27, 2022 Introduction When purchasing a business, acquiring the seller’s general liability insurance…
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BUYER OBTAINS COVERAGE FOR PRE-CLOSING ASBESTOS CLAIM DESPITE LACK OF CONSENT FROM INSURANCE CARRIER
Posted in problems with general liability insurance Tagged with: Anti-assignment provision, Asbestos claims, Coverage for pre-closing losses, General liability insurance, Insurance carrier consent, M&A insurance, Policy assignment, Pre-closing losses, Public policy and insurance, Wisconsin appellate court
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- revenue and profit projections
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- risk of post closing payments
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- seller's covenants
- seller's federal injunctions
- seller's unemployment experience rating
- seller's warranty claims
- seller's workers compensation experience rating
- Selling shareholders problem with their board of directors
- severance benefits
- sexual harassment
- shareholder approval of deal
- shareholder buyout of partner
- shareholder personal guaranty of target lease
- shareholder release
- sharing transaction tax deduction benefits
- sick time
- signing LOI with revisions by signer
- specific performance
- state and local tax
- state approval of nonprofit hospital
- state franchise/income tax
- statute of frauds
- statute of limitations
- stay bonus
- step-down provision
- stock purchase agreement
- stock sale
- strategic acquisition
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- structure of transaction
- subordination
- substance over form
- substantially all assets
- success fee
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- sufficiency of assets rep
- supply problems
- survival of covenants
- survival of reps and warranties
- tangible net worth
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- time of the essence
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- tolling
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- tortious interference with prospective economic advantage
- trade secret misappropriation
- trade secret misappropriation by former seller employee
- trademark infringement
- trademarks
- transferee liability for taxes IRC Section 6901
- TRO/preliminary injunction before filing for arbitration
- tying fraud to economic loss
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- UCC search
- Uncategorized
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- union fringe benefits
- union liabilities
- unitary business
- unjust enrichment
- unliquidated or disputed claim
- unwanted assets
- vacation time
- valuation
- waiver of contractual provision
- waiver of jury trial
- waiver of removal to federal court
- waiver provision
- willful breach carveout
- willing buyer or procuring cause
- Withholding Post-closing payments
- working capital adjustment
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