NonMass

In the complex landscape of bankruptcy law, insurance plays a critical yet often overlooked role, particularly in cases that aren’t classified as mass tort bankruptcies. While typical bankruptcy cases garner more attention when they involve large numbers of claimants or substantial media coverage, the intricate dance involving insurance in non-mass tort scenarios can be equally significant. Insurance policies serve as a key asset in bankruptcy estates, particularly when the liabilities at stake stem from business operations, accidents, or directors’ and officers’ mishaps. These policies can effectively provide a vital lifeline by offering funds or defense … Read more