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Results: 1-10 of 1,247

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


“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


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


A guide to surviving the Kemper liquidation
  • Dentons
  • USA
  • February 4 2010

In response to an imminent Order of Liquidation against the Kemper Insurance Companies, 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 Kemper liquidation


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


What is happening to AIG?
  • Reed Smith LLP
  • USA
  • March 2 2009

This morning, March 2, 2009, American International Group, Inc. ("AIG") announced a loss of $61.7 billion for the fourth quarter of 2008, a total net loss for 2008 of $99.29 billion, and a major restructuring of its operations, including a new federal infusion of $30 billion, forgiveness of certain debts, and relaxation of prior bailout terms


Atlantic Mutual and Centennial are in rehabilitation, and the rehabilitation court's stay order has been enforced by another forum as applying to product liability claims against their policyholder
  • McCarter & English LLP
  • USA
  • December 8 2010

On September 14, 2010, a New York state court entered an Order of Rehabilitation for Atlantic Mutual Insurance Company and Centennial Insurance Company (collectively, "Atlantic") to try to resolve Atlantic's insolvency and return it to the marketplace


Iowa insurance Commissioner petitions for liquidation of IowaNebraska CO-OP; how financially sound are others?
  • Foley & Lardner LLP
  • USA
  • February 4 2015

The Iowa Commissioner of Insurance (the “Commissioner”) filed a petition, on January 29, 2015, seeking to liquidate CoOpportunity Health, Inc


Claims bar dates impending for Atlantic Mutual, Centennial, HIH and Nassau Insurance Companies
  • Orrick Herrington & Sutcliffe LLP
  • USA
  • July 31 2013

Several insurers in liquidation proceedings have upcoming claims bar dates: The liquidator for Atlantic Mutual Insurance Company and Centennial


Tronox Securities Litigation settlement has implications for environmental disclosures and related D&O insurance claims
  • Schulte Roth & Zabel LLP
  • USA
  • August 17 2012

A settlement has been announced in the Tronox Securities Litigation, making it one of the first cases where the failure to publicly disclose environmental liabilities has resulted in a substantial settlement