Trade Credit
Trade Credit
News, insights and thought leadership for re/insurance professionals with an interest in trade credit.

Long Island diocese to end bankruptcy without sex abuse deal - Reuters

A Catholic diocese in Long Island, New York has asked a judge to end its Chapter 11 bankruptcy, after failing to get support from about 530 sex abuse survivors on a proposed $200 million settlement...
A Catholic diocese in Long Island, New York has asked a judge to end its Chapter 11 bankruptcy, after failing to get support from about 530 sex abuse survivors on a proposed $200 million settlement...
reuters.com / Article / 27 days ago

Bayer Weighs ‘Texas Two-Step' Bankruptcy Filing Over Roundup

Bayer AG is weighing whether to use a controversial legal maneuver known as the Texas Two-Step bankruptcy to try to resolve tens of thousands of US lawsuits claiming its Roundup weedkiller causes...
Bayer AG is weighing whether to use a controversial legal maneuver known as the Texas Two-Step bankruptcy to try to resolve tens of thousands of US lawsuits claiming its Roundup weedkiller causes...
Article / 2 months ago

New Jersey Catholic diocese's $87.5 mln abuse settlement approved - Reuters

A U.S. bankruptcy judge on Thursday approved the Diocese of Camden's Chapter 11 bankruptcy plan, allowing the New Jersey diocese to move ahead with a $87.5 million settlement of sex abuse lawsuits.
A U.S. bankruptcy judge on Thursday approved the Diocese of Camden's Chapter 11 bankruptcy plan, allowing the New Jersey diocese to move ahead with a $87.5 million settlement of sex abuse lawsuits.
reuters.com / Article / 2 months ago

Australia

In Australia, 2023 was the first 'normal' year since 2019. Public health concerns, however, were replaced by economic pessimism...
In Australia, 2023 was the first 'normal' year since 2019. Public health concerns, however, were replaced by economic pessimism...
Article / 4 months ago

Asbestos plaintiffs fail to knock Trane companies out of bankruptcy - Reuters

A U.S. bankruptcy judge ruled Thursday that two Trane Technologies subsidiaries, Aldrich Pump and Murray Boiler, may remain in bankruptcy despite asbestos plaintiffs' arguments that the companies are not in "financial distress."
A U.S. bankruptcy judge ruled Thursday that two Trane Technologies subsidiaries, Aldrich Pump and Murray Boiler, may remain in bankruptcy despite asbestos plaintiffs' arguments that the companies are not in "financial distress."
reuters.com / Article / 5 months ago

Insurers Blast Camden Diocese New Ch. 11 Plan  - Law360 UK

A group of insurance companies asked a New Jersey bankruptcy judge to reject the most recent Chapter 11 plan filed by the Roman Catholic Diocese of Camden and its official committee of tort claimant creditors
A group of insurance companies asked a New Jersey bankruptcy judge to reject the most recent Chapter 11 plan filed by the Roman Catholic Diocese of Camden and its official committee of tort claimant creditors
law360.com / Article / 6 months ago

As sex abuse victims wait, insurance coverage holds up Buffalo Diocese bankruptcy case - The Buffalo News

More than three years since the claims were filed, none of the abuse victims has been compensated as the diocese, its parishes and insurance carriers...
More than three years since the claims were filed, none of the abuse victims has been compensated as the diocese, its parishes and insurance carriers...
buffalonews.com / Article / 7 months ago

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