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Results: 1-10 of 261

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

National Insurance Actoptional federal charter legislation reintroduced in Senate

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 6 2007

On May 24, 2007, optional federal charter (OFC) legislation was reintroduced into the Senate as the National Insurance Act of 2007 (S. 40) (NIA), co-sponsored by John Sununu (R-NH) and Tim Johnson (D-SD

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

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

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

“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

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

Creditor defeats preference action based on ‘new value’ defense

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 12 2013

As a condition to issuing a surety bond, the insurer required the insured to obtain a Letter of Credit in favor of the insurer. To obtain the LOC, the