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Lincoln General Insurance Company enters liquidation in Pennsylvania
  • Reed Smith LLP
  • USA
  • November 13 2015

The Insurance Commissioner of Pennsylvania has placed Lincoln General Insurance Company into liquidation in Pennsylvania. As a result, the Insurance

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

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

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

Do I need insurance for my title insurance?
  • Seyfarth Shaw LLP
  • USA
  • January 23 2009

In the insurance industry, title insurance is known as a “long-tailed” liability risk, which means that it is common for claims to be made many years after policies are issued

Insurance remains property of dissolved corporation even after wind-up, according to Delaware Supreme Court
  • Spencer Fane Britt & Browne LLP
  • 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

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

Please, SIR, the plaintiffs want some more: the Southern District of Ohio weighs in on the treatment of self-insured retentions in bankruptcy
  • Weil Gotshal & Manges LLP
  • USA
  • October 28 2015

Whether an insurer can refuse to provide coverage on the grounds that the bankrupt insured has not paid a self-insured retention (SIR) is often

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