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Piercing the Veil of Reinsurance: Reinsurance Cut Throughs In Insurance Carrier Insolvencies

Posted:
01/20/2005
Services:
Commercial Litigation
Industries:
Insurance

Joseph C. Monahan, an Associate in the Litigation Department in the Philadelphia office and a member of the Firm's Insurance Practice Group, wrote this commentary that examines what happens when an insurance carrier becomes insolvent. Specifically, the article addresses what happens to the reinsurance that may be payable to the insolvent insurance carrier.

The article reviews several reinsurance court cases that have addressed the issue.