Our insurance clients are impacted today by insurance-sensitive bankruptcies involving many industries such as financial institutions, manufacturing entities, and all sizes of businesses. We are involved in the legal interplay between insurance coverage disputes and policyholder bankruptcy. Our insurance and bankruptcy experience is invaluable to help insurers develop and implement effective strategies in reorganization and liquidation cases of all sizes.
Our representation includes insurer clients in major policyholder bankruptcy proceedings and in coverage litigation and counseling matters related to insolvent insureds. Our advice is sought in connection with liability claims brought by debtors-in-possession, bankruptcy trustees, creditors’ committees and other bankruptcy constituencies. We counsel insurers concerning matters that may arise when a corporate policyholder is in financial distress, including the impact of the automatic stay on claim handling, challenges to payouts as preferences, coverage issues and underlying and coverage litigation.