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Results: 1-10 of 256

Insolvency of underlying insurer does not trigger next coverage layer

  • Manatt Phelps & Phillips LLP
  • -
  • USA
  • -
  • July 16 2014

A Pennsylvania trial court judge decided that the insolvency of an underlying excess insurer did not trigger coverage from an insurer providing a

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

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

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

Northern District of Alabama: no bad faith where insured made misrepresentations in court filings and insurer reasonably relied on advice of counsel in denying coverage

  • Saul Ewing LLP
  • -
  • USA
  • -
  • July 7 2014

On March 28, 2011, Sherry Malone's house suffered fired damage. Malone made a claim for the damage under her Allstate homeowner's policy. Despite

‘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

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

Prime Tanning bankruptcy: a recent threat to state self-insurance law

  • Roetzel & Andress
  • -
  • USA
  • -
  • September 25 2013

Ohio and many other states require self-insuring employers to contribute to a guaranty fund regarding workers' compensation. This fund guarantees

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