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 and Anthony Kudron, 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.