PCS Nitrogen, Inc. v. Continental Casualty Company

Summary

The South Carolina Supreme Court held that the 1986 assignment of insurance rights by Old CNC was a valid post‑loss assignment, so insurer consent was not required. It defined the loss as occurring at the time of the contaminant discharge (the occurrence), not when a judgment or settlement is entered. The Court reversed the Court of Appeals and remanded for further determination of PCS’s coverage claim.