Protecting Lender Interest in Borrower Insurance Proceeds
Navigating Insurance and Bankruptcy Issues in Commercial Lending
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide counsel for lenders and financial institutions with a review of how insurance proceeds are treated under the UCC and bankruptcy law. The panel will discuss recent legal developments impacting insurance requirements in financing transactions and outline loss mitigation strategies for lenders.
Outline
- Treatment of insurance proceeds under the UCC and bankruptcy
- Legal trends and developments affecting insurance requirements and documentation
- Loss mitigation strategies for lenders
Benefits
The panel will review these and other key questions:
- What provisions should be included in loan documents that deal with insurance?
- How have the courts treated the proceeds of business interruption coverage under Article 9?
- Why may lenders be at risk for relying solely on certificates of insurance as proof of coverage?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty
Frederic J. Giordano
Partner
K&L Gates
He focuses his practice on complex civil and commercial litigation. He counsels policyholder clients on and litigates... | Read More
He focuses his practice on complex civil and commercial litigation. He counsels policyholder clients on and litigates matters involving various types of insurance coverage, including construction defect and construction-related bodily injury, building products, and consumer products. He evaluates insurance policies and programs and advises corporate clients on the scope of their existing coverage.
CloseMichael L. Weissman
Of Counsel
Levin Ginsburg
His practice is devoted to financial and business transactions including the structuring of a wide variety of financing... | Read More
His practice is devoted to financial and business transactions including the structuring of a wide variety of financing transactions. He has a wealth of experience in the legal and business aspects of secured and unsecured lending for all types of credit facilities. During his career, he has represented most of the major banks and commercial lenders in the Chicago area.
CloseGary M. Zimmerman
Senior Vice President and Chief Underwriting Counsel
Fidelity National Financial
He supervises and coordinates the underwriting, policy and production personnel and functions for the company's UCC... | Read More
He supervises and coordinates the underwriting, policy and production personnel and functions for the company's UCC Insurance Division. He reviews and evaluates transaction structure and provides feedback on the insurability of major-market commercial finance and mezzanine loan transactions.
CloseJohn Eggum
Attorney
Butler Pappas
He concentrates his practice on representing insurers in insolvency-related matters, particularly in cases under... | Read More
He concentrates his practice on representing insurers in insolvency-related matters, particularly in cases under chapters 7 and 11 of the Bankruptcy Code. He also has substantial experience representing creditors, debtors, trustees and other parties in interest in a wide variety of bankruptcy proceedings.
Close