Navigating The Intersection Of Bankruptcy And Insurance
July 1, 2011, 1:29 PM EDT
Law360, New York (July 1, 2011, 1:29 PM EDT) -- An insurance policy may be an insolvent insured’s most valuable asset, and the availability of insurance proceeds to satisfy claims against a debtor insured is becoming increasingly critical in bankruptcy proceedings. Appreciating the insurance coverage issues that frequently arise in the context of bankruptcy proceedings is important to effectively assess the chances of recovery and determine how to maximize the protection afforded by insurance proceeds.
This article examines issues that typically arise concerning general liability and directors and officers liability insurance coverage in the bankruptcy context...