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FDIC Seeks Comment on Revised Deposit Insurance Assessment Rule
  • Katten Muchin Rosenman LLP
  • USA
  • February 5 2016

On January 21, the Federal Deposit Insurance Corporation (FDIC) announced that it was seeking comment on a revised proposed rule that would amend the

New York federal bankruptcy court finds insurance insolvency proceeding does not “reverse - preempt” bankruptcy court jurisdiction
  • Carlton Fields Jorden Burt PA
  • USA
  • February 2 2016

In a recent adversary proceeding in the chapter 11 case involving Ames Department Stores, Inc. (“Ames”), Lumbermens Mutual Casualty Company

New Jersey Appellate Court affirms ruling that solvent insurers not responsible for portions of insolvent insurers
  • Carlton Fields Jorden Burt PA
  • USA
  • January 27 2016

Earlier this month, a New Jersey appellate court affirmed a lower court’s ruling that the insured, not solvent insurers, was responsible for the

Policyholders on the Hook for Insolvent Insurers’ Allocated Share in New Jersey
  • Gordon & Rees LLP
  • USA
  • January 19 2016

On January 12, 2016, the New Jersey Superior Court, Appellate Division, issued a non-precedential opinion in Ward Sand & Materials Co. v

No standing, no jurisdiction, no case, no kidding
  • Carrington Coleman
  • USA
  • January 13 2016

In a case with a labyrinthine procedural historyspanning several years, cases, and courtsthe Dallas Court of Appeals affirmed dismissal for lack of

Court holds that service-of-suit clause waives right to seek removal
  • Carlton Fields Jorden Burt PA
  • USA
  • January 11 2016

The Northern District of Illinois recently granted a motion to remand filed by an insolvent insurer's assignee because the removal contravened the

McCarran-Fer-get About It: Insurance Rehabilitation Proceeding Does Not Reverse-Preempt Bankruptcy Court Jurisdiction, Says S.D.N.Y. Bankruptcy Court
  • Weil Gotshal & Manges LLP
  • USA
  • January 4 2016

Is insurance just a business or does it serve a greater public good? If it weren't for insurance, a fire or earthquake could leave you homeless; a

No Discharge of Debt Arising From Willful and Malicious Injury
  • Duane Morris LLP
  • USA
  • December 18 2015

Pursuant to Section 727 of the U.S. Bankruptcy Code, an individual Chapter 7 debtor may receive a discharge "from all debts that arose before the

The Impact of Health Insurance Co-Op Liquidations on Providers
  • Epstein Becker Green
  • USA
  • December 4 2015

A growing number of health insurance co-ops or "consumer operated and oriented plans" created under the Affordable Care Act ("ACA") are shutting down

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