Foran Glennon’s bankruptcy group recently presented to an underwriting and claims department of an insurance carrier on how insureds’ bankruptcies impact insurers.
Shareholder Susan Gummow, alongside associates Andrew Ames, discussed:
- Whether insurance policies are considered property of the bankruptcy estate
- The rights of an additional insured when the insured has filed bankruptcy
- How the insured’s bankruptcy impacts self-insured retentions and deductibles
- How the automatic stay affects pending litigation against the debtor and any non-debtor insureds
For more information on hosting a similar program for your business, please contact the firm’s bankruptcy group.
Since 2001, Foran Glennon has represented clients across the globe, offering sophisticated legal services in a cost-effective manner. Deep rooted in the insurance industry, the firm’s solution-focused attorneys represent insurance companies and other businesses in coverage, defense and subrogation matters, as well as in commercial litigation and bankruptcy, insolvency and creditors’ rights.