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After Months of Uncertainty, NY DFS Petitions to Place Health Republic Insurance of New York in Liquidation
  • Bressler, Amery & Ross PC
  • USA
  • April 25 2016

On April 22, 2016, the Superintendent of the New York Department of Financial Services ("DFS") commenced a liquidation proceeding for Health Republic


Please Buckle Your Seatbelts and Check Your D&O Insurance: A Gloomy Forecast Is Ahead
  • Weil Gotshal & Manges LLP
  • USA
  • April 18 2016

Despite the initial glee of the prospect of a United States that was independent of Middle East oil, beginning in the fourth quarter of 2014, the


FDIC Rescinds De Novo Time Period Extension
  • Katten Muchin Rosenman LLP
  • USA
  • April 8 2016

On April 6, the Federal Deposit Insurance Corporation (FDIC) rescinded Financial Institution Letter (FIL) 50-2009 entitled "Enhanced Supervisory


New Hampshire court approves commutations concerning The Home Insurance Company
  • Carlton Fields
  • USA
  • March 10 2016

In various posts, the latest of which was September 2, 2015, Reinsurance Focus has covered developments in the liquidation of The Home Insurance


Not for Lack of Trying, Insurers Cannot Escape Certain Liability when an Insured Files Bankruptcy
  • Brouse McDowell
  • USA
  • March 2 2016

The scenario: You have been injured and PretendCorp is liable to you in the amount of $100,000. PretendCorp has a commercial general liability


FDIC Approves Proposal on Deposit Recordkeeping Requirements in Large Bank Failures
  • Katten Muchin Rosenman LLP
  • USA
  • February 26 2016

On February 17, the Federal Deposit Insurance Corporation (FDIC) approved a proposal for recordkeeping requirements for FDIC-insured institutions


Claims Bar Date Creates Trap for Unwary in Reliance Insurance Company Liquidation
  • Reed Smith LLP
  • USA
  • February 25 2016

The Commonwealth Court of Pennsylvania has established March 31, 2016, as the Claims Bar Date in the Reliance Insurance Company Liquidation


FDIC and SEC Jointly Propose Orderly Liquidation Rules for Large Broker-Dealers.
  • Morgan Lewis & Bockius LLP
  • USA
  • February 19 2016

On February 17, the Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission (SEC) proposed a joint rule that would


Phi Air Medical, L.L.C. v. Holskey (In re Holskey)
  • Stoll Keenon Ogden PLLC
  • USA
  • February 17 2016

The bankruptcy court finds the debt non-dischargeable under 523(a)(4) and (6). The debtor’s minor son was transported by helicopter to a hospital


New York Considers Possible Solutions for Health Insurer Insolvencies
  • Epstein Becker Green
  • USA
  • February 16 2016

We recently wrote about the many failures of health insurance co-ops created under the Affordable Care Act ("ACA"), and the impact of those failures