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Results: 1-10 of 267

Southern Title Insurance Company declared insolvent and ordered liquidated

  • Carlton Fields Jorden Burt
  • -
  • USA
  • -
  • October 29 2014

In July of this year, the State Corporation Commission of the Commonwealth of Virginia issued an Order declaring Southern Title Insurance Company

Commonwealth Court of Pennsylvania approves reinsurance commutation agreement

  • Carlton Fields Jorden Burt
  • -
  • USA
  • -
  • October 28 2014

On September 4, 2014, the receivership court for the Reliance Insurance Company ("Reliance') estate (the "Reliance Estate") approved a settlement

CIGA’s litigation position in declaratory relief action was not a claim denial for statute of limitations purposes

  • Gordon & Rees LLP
  • -
  • USA
  • -
  • October 7 2014

In Snyder v. California Insurance Guarantee Association, the California Court of Appeal, First Appellate District, considered when the three-year

Pennsylvania court affirms liquidator’s decision that a claim arising from a reinsurance policy is entitled to a lower payment priority

  • Carlton Fields Jorden Burt
  • -
  • USA
  • -
  • September 29 2014

A Pennsylvania appellate court has affirmed the liquidator's determination that a group excess insurance policy issued by Reliance is a reinsurance

D&Os entitled to unfettered access to bankrupt company’s policy proceeds to fund defense costs

  • Manatt Phelps & Phillips LLP
  • -
  • USA
  • -
  • September 25 2014

In an important victory for directors and officers of a bankrupt company, a New York court removed a cap that had previously limited the amount of

MF Global executives approved to access most of US $200 million insurance pool to help defend civil lawsuits

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • September 7 2014

Fourteen former MF Global executives, including Jon Corzine, the former chairman and chief executive officer, are entitled to access most of a US

“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

Mind your Ds and Os: policy language proves determinative in director and officer insurance coverage

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • August 15 2014

A recent pair of opinions from New York and Pennsylvania shows the importance of evaluating all parts of director and officer (D&O) insurance

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

Pass the buck: Fourth Circuit preserves the mere conduit defense

  • Weil Gotshal & Manges LLP
  • -
  • USA
  • -
  • August 12 2014

Banks, insurance brokers, and other agents can breathe a sigh of relief as the Fourth Circuit enabled the “mere conduit” defense to survive another