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Results: 1-10 of 268

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

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

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

Dealing with financially distressed purchasers of goods

  • McDermott Will & Emery
  • -
  • USA
  • -
  • November 19 2008

Sellers should be proactive in taking steps to protect themselves from a distressed buyer's non-payment

“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

Federal-Mogul court confirms that bankruptcy law trumps anti-assignment provisions in insurance policies

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • July 18 2012

On May 1, 2012, the United States Court of Appeals for the Third Circuit in In re FederalMogul Global, Inc. confirmed that anti-assignment provisions in a debtor’s insurance liability policies are preempted by the Bankruptcy Code to the extent they prohibit the transfer of a debtor’s rights under such policies to a personal-injury trust pursuant to a chapter 11 plan

Time to file proof of claim with Lumbermens in liquidation

  • Reed Smith LLP
  • -
  • USA
  • -
  • November 4 2014

November 10, 2014, is the deadline for filing proof of claims with the Office of the Special Deputy Receiver in Illinois regarding the estates of

Financial services legislative and regulatory update - 14 May 2012

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • May 14 2012

What was heading to be a rather routine week of hearings and the continued implementation of Dodd-Frank was shaken by the end of the week news that JP Morgan had a $2 billion dollar trading lost