No bypass of bankrupt firm’s retention to access excess cover: Court

Thursday, September 2, 2010

PROVIDENCE, R.I.—A ruling that says that, under Rhode Island law, individuals seeking to recover damages from a bankrupt company cannot directly collect from excess insurers if the company has not exhausted its self-insured retention likely will be significant nationally, said an attorney in the case.

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No bypass of bankrupt firm’s retention to access excess cover: Court