Mealey's Insurance - Insured's Bankruptcy Does Not Relieve Insurer Of Its Duties, Panel Says In Reversal

WAUKESHA, Wis. - A Wisconsin appeals panel on March 5 found that an insured's bankruptcy does not relieve a commercial general liability insurer of its obligation under a directors and officers (D&O) endorsement to the policy, reversing and remanding a lower court's ruling in favor the insurer (Guy Hollingsworth, et al. v. Landing Condominiums of Waukesha Association Inc., et al., Nos. 2013AP888, 2013AP1538, Wis. App., Dist. 2; 2014 Wisc. App. LEXIS 178.)

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