Insurance Law and the Bankruptcy Code
Nixon Peabody has posted a free on-demand webinar on the complex issues at the intersection of insurance law and bankruptcy code.
On its website, the firm says that understanding these issues is important for insurers when faced with insureds that have filed for, or may be planning to file for, bankruptcy. With constantly evolving requirements, keeping this knowledge current is paramount to keeping your business moving forward.
The webinar covers these topics:
- Overview of the bankruptcy code: standards for filing, the differences between chapters 7 and 11, and how a debtor gets out of bankruptcy;
- Best practices in the event of an insured’s bankruptcy: policy cancelation, claims department procedures, and handling SIR issues;
- Mass tort bankruptcies: the asbestos crisis, requirements for a “channeling injunction,” and recent cases interpreting Section 524(g).
