United States:
Reliance Liquidation Court Approves Application For Direct Payments From Reliance's Reinsurers To Certain Insureds
15 September 2016
Carlton Fields
To print this article, all you need is to be registered or login on Mondaq.com.
Recently, there have been several developments in the ongoing
liquidation of Reliance Insurance Company. The liquidation court
recently approved the application for the assumption by one of
Reliance's reinsurers,
EFH Vermont Insurance Company, of a direct coverage obligation
to Reliance's insured, LSGT Gas Company LLC, and
approved the direct payment to LSGT from EFH. The liquidation
court also approved the application for the assumption by another
of Reliance's reinsurers,
NAFCO Insurance Company, Ltd., of a direct coverage obligation
to Reliance's insured, Carlson Holdings, Inc., and
approved the direct payment to Carlson from NAFCO.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Insurance from United States
D&O Insurance Myths (Part 2) (Video)
Lowenstein Sandler
Last month we discussed the importance of Directors and Officers (D&O) insurance and set the record straight on some common misconceptions about it.
Faulty Workmanship Coverage Update
Plunkett & Cooney
The Washington Supreme Court affirmed the Washington Court of Appeals ruling that coverage for repairs to the Gardens Condominium's roof components was available under the resulting loss exception to the insurance policy's faulty workmanship exclusion.
Priority Of Coverage: Debunking "Other Insurance" Myths
Lowenstein Sandler
Today on "Don't Take No For An Answer," host Lynda A. Bennett is joined by Alexander B. Corson for a discussion about priority of coverage, or who pays what when there are numerous claims, parties, and policies at play.