Duane Morris provides advice to insurers on structuring transactions to minimize the risk to which they may be exposed in an insured’s bankruptcy. Duane Morris routinely counsels insurers on bankruptcy and reorganization matters including complex Chapter 11 filings of their insureds. As part of these representations, Duane Morris advises insurers regarding, among other things, collateral issues, renewal offerings, claims handling and various pleadings including those relating to insurance, financing, sales and plans. Duane Morris also negotiates and documents collateral settlements, loss portfolio transfers and buyback programs including obtaining bankruptcy court approval thereof.
We have litigated matters for our insurer clients in both state and federal trial courts and in appellate courts. Cross-experience in bankruptcy and insurance law provides Duane Morris attorneys with a unique advantage, and we commonly take leading roles on behalf of insurers in some of the nation's most prominent bankruptcies, including those involving policyholders facing asbestos, silica, environmental, opioid, sexual abuse and other mass tort and products-related liabilities. We represent a large number of domestic and foreign insurers in these actions.
Bankruptcy litigation tends to be unusually fast-paced, requiring that motions, oppositions, briefs and objections be filed on tight time frames. Discovery is frequently expedited as well. Our bankruptcy team's deep experience in policyholder bankruptcies allows us to efficiently and effectively present our insurer clients' views to bankruptcy courts even where the time for discovery, research and writing might seem inadequate to others.
For more information, please contact Meagen E. Leary, Wendy M. Simkulak or any of the practice members referenced in the Attorney Listing.