Givaudan Fragrances Corporation v. Aetna Casualty & Surety Company(076523)

This appeal requires us to settle whether this state adheres to the rule that an anti-assignment clause in an insurance policy may not bar the assignment of a post-loss claim even though the claim has not been reduced to a money judgment. An overwhelming number of jurisdictions around the country accept the legal rule voiding restrictions on post-loss claim assignments. The principle has been described as venerable and supportive of sound public policy. The Appellate Division adhered to that principle when rendering its judgment in this matter, relying on reasoning from previous trial and…