We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
In cooperation with Association of Corporate Counsel
  Request new password

Search results

Order by most recent / most popular / relevance

Results: 1-10 of 250

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

Insurance remains property of dissolved corporation even after wind-up, according to Delaware Supreme Court

  • Spencer Fane Britt & Browne
  • -
  • USA
  • -
  • January 13 2014

As Delaware has often been selected as a preferred place of incorporation by U.S. businesses, and consequently the venue for dissolution and

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

Delaware Supreme Court holds receiver is required to defend lawsuits after a corporation is wound-up; finds no generally applicable statute of limitation for claims against a dissolved corporation

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • December 11 2013

In Anderson v Krafft-Murphy Co. Inc., 2013 Del. LEXIS 597 (Del. Nov. 26, 2013), the Delaware Supreme Court held that Sections 278 and 279 of the

Delaware Supreme Court defines unexhausted insurance policies as property of dissolved corporations

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • December 6 2013

The Supreme Court of the State of Delaware recently reversed a Court of Chancery decision declining to appoint a receiver for a dissolved Delaware

New York state trial court permits asbestos plaintiffs to sue a dissolved and liquidated corporation through service of process upon a liability insurer

  • Steptoe & Johnson LLP
  • -
  • USA
  • -
  • November 25 2013

A New York state trial court has held that plaintiffs alleging asbestos injuries may bring suit against a dissolved and liquidated New Jersey

New Jersey Supreme Court ruling regarding insolvent insurers could have significant impact on allocation of long-tail claims

  • Porzio Bromberg & Newman PC
  • -
  • USA
  • -
  • October 25 2013

On September 24, 2013, in Farmers Mut. Fire Ins. Co. v. NJPLIGA, N.J. , 2013 WL5311272 (2013), the New Jersey Supreme Court ruled that policy