Insurance Coverage Action definition

Insurance Coverage Action means any action brought before a court, arbitrator, or other tribunal seeking determination of one or more causes of action, including declaratory relief, indemnification, contribution, or an award of damages, arising out of or relating to any of the Insurance Policies.
Sample 1Sample 2Sample 3
Insurance Coverage Action means any action against an Insurer (or to the extent necessary to enforce an action against an Insurer) asserting claims for indemnification, reimbursement, contribution, or other payment under the D&O Liability Insurance Policies, any action asserting a violation of the implied covenant of good faith and fair dealing, and any related action; provided, for the avoidance of doubt, that the Insurance Coverage Actions shall not be asserted against any Released Party.
Sample 1Sample 2Sample 3
Insurance Coverage Action means the insurance coverage declaratory judgment action filed by Howard Mills, Acting Superintendent of Insurance of the State of New York as Ancillary Receiver of The Home Insurance Company against the Estate of Lillian Wiesner (“Wiesner Estate”), John P. Maffei (“John Maffei”), and Executeam Corp. in the Supreme Court of the State of New York, Count of Nassau, Index No. 06/006933, and arising out of the Plaintiff’s claims
Sample 1

Examples of Insurance Coverage Action in a sentence

  • There can be no assurance that the Litigation Trustee will be successful in the prosecution of the Transferred Causes of Action or the Insurance Coverage Action.

  • The parties also agreed to dismiss each other, with prejudice, from the Shortfall Insurance Coverage Action.

  • Do not let your desire to write down some notes get in the way of paying close attention to the witnesses.Finally, do not compare your notes with other jurors in determining the content of any testimony or in evaluating the importance of any evidence.

  • Marc Dunbar made the motion for the Board to approve the contract with Cigna for Life and Long-Term Disability Insurance Coverage Action item for the period of January 1, 2020 through December 31, 2020 and to authorize staff to take any appropriate or necessary action consistent with this Action Item.

  • DoW; (ii) the Committee; (iii) counsel for certain Tort Claimants, including Jeff Anderson and Associates, P.A., the Noaker Law Firm LLC, and Bradshaw & Bryant PLLC; (iv) The National Catholic Risk Retention Group; and (v) each of the defendants in the Insurance Coverage Action.

  • This Agreement constitutes a full and final resolution of all issues in the Insurance Coverage Action as it relates to LMI/Interstate.

  • The term “Mediation Parties” means, collectively; (a) DoW; (b) the Committee; (c) all counsel for the Tort Claimants; (d) the defendants in the Insurance Coverage Action; (e) The National Catholic Risk Retention Group; (f) any other DoW Entity, which, with the consent of the mediator, chose to participate in the mediation; and (g) any other DoW Entity, which by order of the Bankruptcy Court was required to participate in the Mediation.

  • The following Assets, among others, will be transferred to the Creditor Trust on the Effective Date: (a) $5 million in Cash from the Cash Collateral of the Prepetition Lenders, (b) the Transferred Causes of Action, (c) any proceeds derived from any Insurance Coverage Action, and (d) any Plan Distributions by the Litigation Trustee pursuant to the Litigation Trust Agreement that become Unclaimed Property.

  • The Litigation Trust Assets include (a) $5 million in Cash from the Cash Collateral of the Prepetition Lenders,24(b) the Transferred Causes of Action, (c) any proceeds derived from any Insurance Coverage Action, and (d) any Plan Distributions by the Litigation Trustee pursuant to the Litigation Trust Agreement that become Unclaimed Property.

  • The Litigation Trust Assets include (a) $5 million in Cash from the Cash Collateral of the Prepetition Lenders, (b) the Transferred Causes of Action, (c) any proceeds derived from any Insurance Coverage Action, and (d) any Plan Distributions by the Litigation Trustee pursuant to the Litigation Trust Agreement that become Unclaimed Property.


More Definitions of Insurance Coverage Action

Insurance Coverage Action refers to a case generally known as AMS v. Columbia Casualty Company, Continental Casualty Company, CNA Financial Corporation, Liberty Mutual Insurance Company and Federal Insurance Company, now pending as San Diego Superior Court, Case No. GIC 832603.
Sample 1
Insurance Coverage Action. U.S. Gypsum sued its insurance carriers in 1983 to obtain coverage for asbestos cases (the "Coverage Action") and has settled all disputes with its solvent carriers. As of December 31, 1999, after deducting insolvent coverage and insurance paid out to date, and taking into account recent settlements, approximately $142 million of insurance remained with 8 carriers, all of which have agreed, subject to certain limitations and conditions, to cover asbestos-related costs. Insurance payments to U.S. Gypsum for all asbestos-related matters, including property damage, personal injury, insurance coverage litigation and related expenses, exceeded asbestos-related expenses by $6 million for 1999 and $0.7 million in 1997 due primarily to nonrecurring reimbursement for amounts expended in prior years. However, U.S. Gypsum's total asbestos-related expenditures exceeded aggregate insurance payments by $24 million in 1998. Insolvent Carriers: Four of U.S. Gypsum's domestic insurance carriers, as well as underwriters of portions of various policies issued by Lloyds and other London market companies, providing a total of approximately $106 million of coverage, are insolvent. Because these policies would already have been consumed by U.S. Gypsum's asbestos expenses to date if the carriers had been solvent, the insolvencies will not adversely affect U.S. Gypsum's coverage for future asbestos-related costs. However, U.S. Gypsum is pursuing claims for reimbursement from the insolvent estates and other sources and expects to recover a presently indeterminable portion of the policy amounts from these sources.
Sample 1

Related to Insurance Coverage Action

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Coverage or “Covering”) shall mean that the developing, making, using, offering for sale, promoting, selling or importing of a given compound, formulation or product would infringe a Valid Claim of an issued patent in the absence of a license under such Valid Claim. The determination of whether a compound, formulation or product is Covered by a particular Valid Claim shall be made on a country-by-country basis.

  • Blanket insurance policy means a group policy covering a defined class of

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Health care coverage means any plan providing hospital, medical or surgical care coverage for

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Insurance score means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of a consumer.

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following:

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.