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Mealey's Insurance - South Carolina Panel: No Coverage Owed To Company Successor Under Policies

CHARLESTON, S.C. - The South Carolina Court of Appeals on Dec. 18 affirmed a trial court's dismissal of a corporate successor's claims against a number of insurers, agreeing with the trial court's finding that the successor has no rights under the predecessor's policies because the policies were expired when the new company was purchased and there was execution of an assignment of rights to the insurance policies (PCS Nitrogen Inc. v. Continental Casualty Co., et al., No. 5699, S.C. App.).
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