Record-Breaking Settlement With State Insurance Guaranty Fund

We prosecuted a claim against a state insurance guaranty fund and settled the case for the largest amount ever paid by that guaranty fund on a single policyholder claim.

Groundbreaking Ruling Against Insolvent Insurer

We secured a $30 million judgment in an insurer liquidation proceeding requiring an insolvent insurer to estimate and pay our client’s future (so-called incurred-but-not-reported, or IBNR) tort claims.

Reform of Midland Liquidation Process

Our attorneys led a group of policyholder attorneys in seeking changes in procedures to expedite payments in the Midland Insurance Company Liquidation, which were ultimately accepted by New York officials.  Our attorneys, again working cooperatively with other policyholder counsel, successfully litigated the issue of whether restrictive NY law applied to all claims submitted to Midland […]

U.K. Schemes of Arrangement

Working with insurance liquidation officials in London, which hosts a massive insurance marketplace covering U.S. and worldwide risks, our lawyers developed new protocols under existing U.K. statutes to ensure that reinsurance assets in insurer liquidation proceedings were recovered efficiently and were then equably distributed to policyholders.  The first such “scheme of arrangement” in 1993 was […]