Abstract

http://ssrn.com/abstract=2070154
 


 



Drop Down? Drop Dead! Excess Insurers Not Required to Provide Primary Coverage in Lieu of an Insolvent Insurer


Daniel A. Austin


Northeastern University - School of Law

November 2005

American Bankruptcy Institute Journal, Vol. 24, pp. 24, 56, November 2005

Abstract:     
Courts have consistently ruled that excess insurers are not required to provide "drop-down" coverage to pay for losses sustained by policyholders in cases where (a) the primary underlying insurer is insolvent and unable to pay or (b) the policyholder itself is in bankruptcy and is unable or unwilling to pay the deductible or self-insured retention amount. Why do so many insured parties seem to have missed the message and still seek to have their excess carriers provide drop-down coverage? This article will examine the issue by looking at several cases.

Number of Pages in PDF File: 2

Accepted Paper Series





Download This Paper

Date posted: May 29, 2012  

Suggested Citation

Austin, Daniel A., Drop Down? Drop Dead! Excess Insurers Not Required to Provide Primary Coverage in Lieu of an Insolvent Insurer (November 2005). American Bankruptcy Institute Journal, Vol. 24, pp. 24, 56, November 2005. Available at SSRN: http://ssrn.com/abstract=2070154

Contact Information

Daniel A. Austin (Contact Author)
Northeastern University - School of Law ( email )
400 Huntington Ave.
Boston, MA 02115
United States
Feedback to SSRN


Paper statistics
Abstract Views: 231
Downloads: 13

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo8 in 0.282 seconds