Drop down? Drop dead! Excess insurers not required to provide primary coverage in lieu of an insolvent insurer
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 unwillin...
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| Online Access: | http://hdl.handle.net/2047/d20002439 |