In a landmark ruling, the California Supreme Court has held in Fluor Corp. v. Superior Court that California Insurance Code Section 520 barred an insurer from refusing to honor an insured's assignment of policy coverage regarding injuries that predated the assignment. In so deciding, the court has brought California in line with the majority rule that precludes an insurer, after a loss has occurred, from refusing to honor an insured's assignment of the right to invoke policy coverage for such a loss.
Background
In 2003, the California Supreme Court decided Henkel Corp. v. Hartford Accident & Indemnity Co., 29 Cal.4th 934 (2003).
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