Bruce Strong

December 21, 2022 | New York Law Journal

The law in most jurisdictions, including New York, is that an insurance company's duty to help and defend its policyholder is "exceedingly broad." This article discusses what "exceedingly broad" means today by highlighting two recent cases: 'Aspen Specialty Ins. Co. v. NCMIC Risk Retention Group' and 'Stoncor Group v. Peerless Ins. Co.', which provide a helpful barometer for policyholders.

By Bruce Strong and Earl A. Kirkland

6 minute read

April 02, 2020 | Insurance Coverage Law Center

In these cases, insurance policies are often placed into a reorganization trust for the benefit of creditors who are then left to fend for themselves against often recalcitrant insurance companies.

By Mark D. Silverschotz and Bruce Strong

8 minute read

July 03, 2017 | New Jersey Law Journal

The New Jersey Supreme Court has returned to the rule of free assignability of insurance assets and summarily remanded a case that had allowed assignment.

By By Pamela D. Hans and Bruce Strong

8 minute read

January 26, 2016 | The Legal Intelligencer

Corporate deal lawyers had for many decades designed corporate acquisitions and divestitures on the long-held foundation that historical rights to insurance proceeds were freely assignable, and that the rights to the proceeds of liability insurance could freely follow the liabilities.

By William G. Passannante, Cort T. Malone and Bruce Strong

11 minute read

December 14, 2015 | New York Law Journal

William G. Passannante, Cort T. Malone and Bruce Strong of Anderson Kill write: The 2003 decision in 'Henkel Corp.' severely impeded companies involved in corporate acquisitions and divestitures by enforcing consent-to-assign clauses even though policy periods had expired and the right to insurance already had accrued. In 2015, California reversed course in 'Fluor' and restored the ability of corporations to freely assign the rights available under insurance policies after a loss.

By William G. Passannante, Cort T. Malone and Bruce Strong

11 minute read

December 11, 2015 | New York Law Journal

William G. Passannante, Cort T. Malone and Bruce Strong of Anderson Kill write: The 2003 decision in 'Henkel Corp.' severely impeded companies involved in corporate acquisitions and divestitures by enforcing consent-to-assign clauses even though policy periods had expired and the right to insurance already had accrued. In 2015, California reversed course in 'Fluor' and restored the ability of corporations to freely assign the rights available under insurance policies after a loss.

By William G. Passannante, Cort T. Malone and Bruce Strong

11 minute read