July 22, 2020

Many businesses forced to close due to COVID-19 have turned to insurance to recover resulting losses. Even in the best of times, businesses face myriad challenges, and insurance is an important backstop. For a struggling company, however, insurance may be a much-needed source of funds. Similarly, for those pursuing claims against a struggling company, insurance may be the best, if not only, source of any recovery. 

In an article for Risk Management, Jason Rosenthal, principal in the Litigation & Dispute Resolution group, notes that with a surge of anticipated bankruptcy filings, both bankruptcy and non-bankruptcy attorneys need to be aware of how a bankruptcy affects insurance.

This article contains material of general interest and should not be construed as legal advice or a legal opinion on any specific facts or circumstances. Under applicable rules of professional conduct, this content may be regarded as attorney advertising.