Ill. High Court: Claims Under Insolvent Insurer's Excess Policy Not Subject To Cap

CHICAGO - Claims under excess coverage policies issued by an insolvent insurer purchased by an employer are not subject to a statutory cap, a majority of the Illinois Supreme Court affirmed Oct. 18, finding that the Illinois Insurance Guaranty Fund (IIGF) improperly ended payments for a workers' compensation award after the cap was reached (Skokie Castings Inc. as successor to Wells Manufacturing Co. v. Illinois Insurance Guaranty Fund, No. 113873, Ill. Sup.; 2013 Ill. LEXIS 1355).

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