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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

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

Excess insurer lacked standing to object in policyholder’s bankruptcy case

  • Manatt Phelps & Phillips LLP
  • -
  • USA
  • -
  • May 21 2014

The Seventh U.S. Circuit Court of Appeals recently determined that an excess insurer of a bankrupt asbestos manufacturer lacked standing in

Insurance settlement proceeds: held not subject to lien on payment intangibles, but might they have been proceeds of collateral?

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • May 14 2014

Sadly, sometimes tragedy strikes, as it did for the Montreal Maine & Atlantic Railway Ltd. in July, 2013, when one of its trains carrying crude oil

Bankruptcy trustee’s action for crop reinsurance proceeds is time-barred

  • Carlton Fields Jorden Burt
  • -
  • USA
  • -
  • May 6 2014

A federal district court has held that a bankruptcy trustee's action to compel payment of crop insurance proceeds is time-barred by virtue of the

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

Policyholder’s bankruptcy does not relieve insurer’s obligations for “loss”

  • Wiley Rein LLP
  • -
  • USA
  • -
  • March 10 2014

The Court of Appeals of Wisconsin, applying Wisconsin law, has held that a policyholder's bankruptcy did not relieve an insurer of its obligations to

Silence is golden: reinsurer ordered to pay prejudgment interest to insurance company’s liquidator on agreement silent as to interest

  • Carlton Fields Jorden Burt
  • -
  • USA
  • -
  • March 3 2014

A New Hampshire insurance company, Home Insurance Company ("Home"), was placed in liquidation in 2003. When its reinsurer Century Indemnity Company

Sixth Circuit finds no bankruptcy exception to prohibition against direct actions in Tennessee

  • Wiley Rein LLP
  • -
  • USA
  • -
  • February 24 2014

The Court of Appeals for the Sixth Circuit held that no exception exists to Tennessee's general prohibition on direct actions against an insurer

Reliance Insurance Co. liquidation claims: recent offers to convert claims to cash

  • Barnes & Thornburg LLP
  • -
  • USA
  • -
  • January 14 2014

Reliance Insurance Company was placed in liquidation on Oct. 3, 2001 by Order of the Commonwealth Court of Pennsylvania. The Reliance liquidation was