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Bankruptcy Issues for an Insurance Carrier When an Insured Files for Bankruptcy

SKU: BNK2100

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Total Credits

1.5 - 2

Price$100

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Description

This CLE Program is intended for insurance practitioners involved with underwriting, coverage or claims adjusting who seek guidance concerning the affect of an insured’s bankruptcy.

Issues addressed include:

Underwriting: Insurers’ credit risks for unpaid premium, self-insured retention, and/or voidable transfers such as preference claims or fraudulent transfer claims.
Coverage: The impact of a bankruptcy filing, and the potential impact of a plan of reorganization, which can alter policy obligations. Additionally, erosion of policy limits can also be affected by bankruptcy.
Claims Handling: Insurers have potential exposure for making claim payments in violation of the bankruptcy stay. However, there are circumstances that allow an insurer to make claim payments.

Lecturer Bio

Michael S. Davis, Esq.

Michael S. Davis has been a partner at ZEK since 1999. Mike has over 40 years of experience in a wide range of commercial litigation, concentrating in bankruptcy, insurance and insurance-related arbitration. His experience also includes antitrust, contracts, employment, maritime, real estate, reinsurance and securities matters. He has lectured on many of these subjects at Long Island University and to business audiences. He began his legal career as an associate at Chadbourne & Parke and later served for six years as Senior Counsel in charge of Corporate Litigation at American International Group, Inc. For the eleven years immediately prior to joining ZEK, Mike was a partner at Zalkin, Rodin & Goodman LLP. At this time, Mike’s practice focuses on the representation of insurance companies in commercial bankruptcy matters, both as creditors and as insurers. Mike also has an active arbitration practice.

Bankruptcy Issues for an Insurance Carrier When an Insured Files for Bankruptcy

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Description

Issues addressed include:

Lecturer Bio

Michael S. Davis, Esq.

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