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Results: 1-10 of 272

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 warning to financial institutions: failure to issue a litigation hold may have serious consequences

  • Frost Brown Todd LLC
  • -
  • USA
  • -
  • May 3 2013

As electronic discovery has become more prevalent and voluminous, national standards for the preservation of evidence have evolved dramatically in

Iowa insurance Commissioner petitions for liquidation of IowaNebraska CO-OP; how financially sound are others?

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • February 4 2015

The Iowa Commissioner of Insurance (the “Commissioner”) filed a petition, on January 29, 2015, seeking to liquidate CoOpportunity Health, Inc

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

Bankruptcy court denies reinsurers’ motion to determine debt owed to them is nondischargeable

  • Jorden Burt LLP
  • -
  • USA
  • -
  • March 5 2013

A Massachusetts bankruptcy court denied the motion for summary judgment of reinsurers Trenwick America Reinsurance Corporation and Unum Life

‘Contingent claim’ not sufficient to establish right of setoff for lift-stay motion

  • Reed Smith LLP
  • -
  • USA
  • -
  • October 15 2012

The debtor’s insurer sought to lift the automatic stay in order to setoff $2.2 million in return premiums against potential defense costs that the insurer expected to incur related to certain insurance claims made against the debtor

“Covered or not covered: that is the question” - a discussion of directors & officers insurance coverage issues

  • Chadbourne & Parke LLP
  • -
  • USA
  • -
  • May 23 2011

It is important that directors and officers insurance provide the necessary protections

Delaware Supreme Court holds that dissolution statutes do not extinguish a dissolved corporation’s potential liability to third parties

  • Cahill Gordon & Reindel LLP
  • -
  • USA
  • -
  • December 13 2013

The Delaware Supreme Court recently offered new insight into a dissolved corporation's exposure to liability for third party claims. In Anderson v

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

Pennsylvania state court permits plaintiff to pursue “deepening insolvency” theory of damages

  • Locke Lord LLP
  • -
  • USA
  • -
  • July 1 2008

A Pennsylvania state court has reportedly ruled, in an unpublished opinion, that the Pennsylvania Insurance Commissioner may pursue a theory of damages against the accountant of an insolvent insurer based on a legal claim of “deepening insolvency.”