Think Twice Before Accepting an Assignment of Insurance Rights - Anti-Assignment Provisions may be Enforced in Oregon

April 16, 2007
The Oregon Supreme Court recently found in Holloway v. Republic Indemnity Company of America that a standard anti-assignment provision in a liability insurance policy barred an insured from assigning policy rights after a loss.  This decision is a departure from the law in many other states, and may have a significant impact on the way that insured claims are settled in Oregon.