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Results: 1-10 of 263

Financial ruin and the duty to settle within policy limits

  • Kilpatrick Townsend & Stockton LLP
  • -
  • USA
  • -
  • October 17 2013

A liability insurance company has the right to take over the defense of a policyholder and to control all settlement discussions. What happens if the

A guide to surviving the Lumbermens rehabilitation & liquidation

  • Dentons
  • -
  • USA
  • -
  • July 2 2012

In response to the July 2, 2012 Order of Rehabilitation, and an anticipated Order of Liquidation, against Lumbermens Mutual Casualty Company and American Manufacturers Mutual Insurance Company, we have prepared the following “frequently asked questions” guide summarizing issues related to: (i) the financial regulation of insurance companies; (ii) the liquidation and proof of claim process in Illinois; (iii) potential recovery by policyholders of the amount of “covered” workers’ compensation claims from state guaranty associations; (iv) policyholder collateral; and (v) planning a response to the Lumbermens liquidation

National trends driving asbestos litigation in 2013-2014 (1 of 3): decrease in non-impairment filings

  • Gordon & Rees LLP
  • -
  • USA
  • -
  • April 3 2014

Generally, as a result of judicial and legislative reforms, plaintiffs' lawyers have moved away from mass screenings and filing of claims on behalf

Claims bar dates impending for Atlantic Mutual, Centennial, HIH and Nassau Insurance Companies

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • July 31 2013

Several insurers in liquidation proceedings have upcoming claims bar dates: The liquidator for Atlantic Mutual Insurance Company and Centennial

Priority of payments provision allows insurer to make settlement payments on covered claims against directors and officers

  • Wiley Rein LLP
  • -
  • USA
  • -
  • October 25 2012

The United States Bankruptcy Court for the District of Nebraska has held that an insurer may make settlement payments for claims against a debtor’s directors and officers where any claims of the debtor are subordinate to those of the directors and officers under the terms of the policy

“Blinded by the light of god and truth and right”: constitutional arguments carry the day against zealous insurance receiver

  • Carlton Fields Jorden Burt
  • -
  • USA
  • -
  • September 3 2014

Insurance receivers have the unenviable job of liquidating failed insurance companies: collecting the insolvent insurers' assets and paying claims

New restrictions on creditors’ rights exclusions in title insurance policies

  • Bryan Cave LLP
  • -
  • USA
  • -
  • February 12 2010

Anyone who obtains title insurance, whether as an owner or a lender, should be aware of a recent abrupt and significant change in title insurance practices across the country

A guide to surviving the Kemper liquidation

  • Dentons
  • -
  • USA
  • -
  • February 4 2010

In response to an imminent Order of Liquidation against the Kemper Insurance Companies, we have prepared the following "frequently asked questions" guide summarizing issues related to: (i) the financial regulation of insurance companies; (ii) the liquidation and proof of claim process in Illinois; (iii) potential recovery by policyholders of the amount of "covered" workers' compensation claims from state guaranty associations; (iv) policyholder collateral; and (v) planning a response to the Kemper liquidation

Insurance settlement proceeds: held not subject to lien on payment intangibles, but might they have been proceeds of collateral?

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • May 14 2014

Sadly, sometimes tragedy strikes, as it did for the Montreal Maine & Atlantic Railway Ltd. in July, 2013, when one of its trains carrying crude oil

Fifth Circuit holding breathes life back into the contractual liability exclusion

  • Carlton Fields Jorden Burt
  • -
  • USA
  • -
  • August 14 2014

Liability insurance policies typically exclude coverage for obligations arising out of the insured's "assumption of liability in a contract or