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Many insurance companies fail, leaving policyholders with reduced claims in
court-ordered liquidations and statutorily-mandated recoveries from state
guaranty funds.
Anderson Kill provides a full range of services to ensure that policyholders
obtain the biggest possible recoveries from insolvent U.S. and foreign
insurance companies, including:
U.S. Insolvencies
-
preparing and filing of proofs of claim
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preparing and filing of guaranty fund claims
-
monitoring U.S. insolvencies for policyholder payments (Anderson Kill
is on the Creditor’s Committee, for example, of one of the largest
U.S. insurance insolvencies)
- prosecuting and settling claims in liquidation and with guaranty funds
Foreign
Insolvencies
-
preparing
and filing of claims (and potential foreign guaranty funds)
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reviewing
and negotiating Schemes of Arrangement (the British equivalent of Chapter
11 reorganization plans)
-
working
with the creditors’ committees of foreign insolvents (Anderson Kill
is currently on the Creditors Committees for three foreign insurance
insolvents)
- prosecuting
and settling claims with foreign insolvents
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