When Company Insolvency and Regulators Leave You Empty Handed
- Old policies for long-tail risks may be hidden assets. Bradford, Michael // Business Insurance;4/29/2002, Vol. 36 Issue 17, p16
Focuses on the hidden asset of insurance policies for long-tail exposures. Process of taking old insurance policies and monetizing them; Negotiation of the buyback of coverage; Investigation of historical coverage.
- Extended Coverage. Moses, Milton // Chicago Citizen;9/22/2010, Vol. 45 Issue 26, p8
The article focuses on umbrella coverage, a kind of insurance policy which provides liability protection to business assets.
- Creditors must come first. // Accountancy;Sep71, Vol. 82 Issue 937, p535
Presents a case on bankruptcy by a married businessman with five children. Amount of 5,000 pounds liabilities and 374 pounds assets; Deliverance of an endowment policy; Necessity of insurance policies.
- 'What's Good for GM' Trouble for Others. Banks, F. Douglas // Best's Review;Oct2009, Vol. 110 Issue 6, p124
The article discusses the increasing bankruptcy filings made by businesses in the U.S. which sees claimants eyeing for insurers in getting their personal bailouts. It mentions that the American Bankruptcy Institute has recorded a 64% increase in the number of business bankruptcy filings while a...
- LMU offers two D&O coverage options. // Business Insurance;9/20/2004, Vol. 38 Issue 38, p50
This article reports that Liberty Mutual Underwriters, a division of Liberty Mutual Group Inc., has introduced two directors and officers policies for companies to better protect their executives and boards of directors against exposures such as bankruptcy. Boston-based Liberty Mutual...
- Financial Responsibilities in an Insurer Insolvency: Widespread Misconceptions. Doyle, Corbette S.; Ammean, Michael J.; Davis, James V. // Risk Management (00355593);Apr87, Vol. 34 Issue 4, p22
This article presents information on the misconceptions about financial responsibilities in an event of insurer insolvency. The intense competition experienced by the insurance industry during the soft cycle, as of April 1987, has placed a number of insurers in questionable financial condition....
- Move to recover assets. // Accountancy;Aug2000, Vol. 126 Issue 1284, p10
The article focuses on the launching of a pilot scheme by the new Forensic Insolvency Recovery Service (FIRS) that could pave the way for outsourcing asset recovery cases to the private sector. FIRS will recover funds from fraudulent directors who are holding on to assets after their companies...
- Liquidation Order Against Security Indemnity Being Sought By N.J. Dept.; Company Said To Be Insolvent. Zarate, Vincent R. // Insurance Advocate;2/16/2004, Vol. 115 Issue 6, p26
Reports on the plan of the New Jersey Insurance Department to seek a court liquidation order against Security Indemnity Insurance. Claim by New Jersey Insurance Commissioner Holly C. Bakke of Security's insolvency despite its number of car insurance policies in the state; Aim of Bakke to ensure...
- FINDING TRUST-WORTHY ASSETS. Barker, Michael H. // Family Advocate;Fall2015, Vol. 38 Issue 2, p16
The article discusses the strategy to find trust-worthy assets such as determining the value of trust assets for existing trusts, death benefit and designated beneficiary for life insurance policy, and investment account information.