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Results: 1-10 of 265

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

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 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

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

‘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

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

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

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