Settlement Releases Claims Against Insolvent Self-Insured Employer’s Excess Insurer

Mealey's (August 29, 2018, 1:10 PM EDT) -- RICHMOND, Va. — A settlement agreement released all claims of California Self-Insureds’ Security Fund against the trust of an insolvent self-insured employer, including those claims against the employer’s excess insurer, a Virginia federal bankruptcy judge ruled Aug. 27, finding that the fund breached the agreement by issuing a demand upon the excess insurer (In re:  Circuit City Stores Inc., et al., No. 08-35653, Chapter 11, Alfred H. Siegel v. California Self-Insureds’ Security Fund, et al., No. 18-03040, E.D. Va. Bkcy., 2018 Bankr. LEXIS 2572)....