By Timothy P. Law, Partner, Reed Smith LLP
Insurance company insolvencies cause disruption to businesses and create a risk of serious financial loss. In many instances, however, policyholders can make a full recovery or mitigate their losses by considering all appropriate avenues of recovery. This...
By Bruce Baty and Jodi Adolf
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Chapter 102 discusses the consequences of an insurer insolvency for the policyholders, agents, excess insurers and reinsurers of the insolvent insurer.
The chapter begins in Section 102.01 with a general discussion of the liquidation process...
By Patrick H. Cantilo, Mark F. Bennett, and Arati Bhattacharya
In this chapter, five insurance insolvencies are discussed in detail to illustrate a number of the issues that are presented in the management of troubled insurers. The companies discussed are the Legion Insurance...