Calif. Court Rejects Attempts to Apply 1872 Statute to Asbestos-Related Insurance Dispute

SANTA ANA, Calif. –– A California Appellate Court has clarified its reason for refusing to issue asbestos defendant Fluor Corp. (NYSE:FLR) a writ of mandate in an insurance dispute, explaining that the defendant failed to show why the court shouldn’t follow a Supreme Court ruling regarding consent-to-assignment clauses in insurance policies.

In the Aug. 30 ruling, the California 4th District Court of Appeal said the 1872 statute cited by asbestos defendant Fluor Corp. (NYSE:FLR) did not specifically address liability insurance.

Fluor Corporation (Fluor-2), which was incorporated in 2000 as a result of corporate restructuring, filed the petition. The …