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The Department Of Banking And Insurance Orders Imposition Of A Surcharge For Recoupment Of Guaranty Association Assessments
  • Bressler, Amery & Ross PC
  • USA
  • August 8 2017

The Commissioner, State of New Jersey Department of Banking and Insurance (Commissioner) authorized recoupment of guaranty fund assessments by way of

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

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

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

Illinois Fed. Court Holds No ‘Bad Faith Denial Of Coverage’ Against Title Insurers in Illinois
  • Maurice Wutscher LLP
  • USA
  • August 1 2017

The U.S. District Court for the Northern District of Illinois recently held that a title insurer may exclude coverage under the exception for defects

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

Expect the unexpected: The year ahead for the Financial Institutions Sector
  • Hogan Lovells
  • European Union, United Kingdom, USA
  • January 13 2017

There’s nothing new about change in the financial institutions sector. As in previous years, change for firms will be driven largely by regulation and

United States: D&O Insurance Policies - a cautionary tale: the Peril of Prior Act Exclusion
  • Dechert LLP
  • USA
  • July 7 2017

Directors and officers (D&Os) of troubled companies should be highly sensitive to D&O insurance policies with Prior Act Exclusion. While policies with

Update of NAIC separate account initiatives
  • Jorden Burt LLP
  • USA
  • June 5 2012

Concerned about the use of separate accounts to fund products with general account guarantees, the NAIC continues to examine these products and to consider how these products and the underlying assets should be regulated and treated for insolvency purposes

Fraudulent schemes in life settlements investments: avoid falling into a scam
  • Berger Singerman LLP
  • USA
  • March 20 2015

Since 2008, many individuals have been looking for investments outside of bonds or the stock market that provide guaranteed payments at higher rates