This case addresses the availability of insurance coverage to corporate policyholders after corporate transactions. The insurance companies had argued that certain corporate transactions eliminate insurance coverage. The Ohio Court of Appeals disagreed in a significant opinion. They held that the insured was entitled to benefits under the policies at issue for pre-acquisition activities of a paint business, including the right to indemnification and the right to a defense.
Glidden Company vs. Lumbermans Mutual Casualty Company, et al.
Court Ohio Court of Appeals, 8th District
Case Number 81782