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.