Supreme Court of Colorado

Allstate Insurance Company, an Illinois Corporation, Petitioner v. Medical Lien Management, Inc., a Colorado…

May 26, 20152015 Colo. LEXIS 447

Summary

The court held that the lien and security agreement did not effectively assign to Medical Lien Management a present right to a determinable portion of the proceeds from the injured person's unresolved personal injury claim. Because the purported assignment would require Allstate to determine and verify the amount owed for medical services and would impose additional burdens and risks on Allstate, the breach-of-assignment claim was properly dismissed. The court therefore reversed the court of appeals' judgment.