Wednesday, February 17, 2010

"What's in a Name? Insured Loses Coverage By Failing to Inform Insurer of Name Change"

David S. White has a post about a recent decision from the Northern District of Texas.  The first paragraph of the post, at the Law and Insurance Blog [HERE], is below:
What's in a Name? Insured Loses Coverage By Failing to Inform Insurer of Name Change

VRV Development, L.P. v. Mid-Continent Cas. Co., No. 09-cv-1382 (N.D. Tex. Feb. 3, 2010) see Decision

The insured in this case lost coverage because it changed its name in 2005 from VRV Development, Inc. to VRV Development, L.P. and failed to change the named-insured designation on its liability policy. Risk managers, take heed! On the named-insured designation, expect no tolerance with the identification of the business. A corporation is not a limited partnership. A miss is as good as a mile.
Click HERE to read the rest of his post.

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