At the urging of U.S. policyholders, a Scottish court recently rejected a Scottish insurance company’s efforts to close its books and avoid full liability for long-tail claims when the insurance company is solvent and entirely capable of paying claims.
United Kingdom, Scotland, Insolvency & Restructuring, Insurance, Litigation, Jenner & Block LLP, Liability (financial accounting), Liquidation, Voting, Liability insurance, Dissenting opinion, Majority opinion, Court of Session