California Self-Insurers’ Fund Barred From Seeking Payment Under Settlement, Judge Says

Mealey's (October 2, 2019, 1:55 PM EDT) -- RICHMOND, Va. — Because surplus proceeds belong to Circuit City’s bankruptcy estate and all claims under excess insurance policies were settled, the California Self-Insurers’ Security Fund may not continue to demand payments from the excess insurer for Circuit City's California workers' compensation claims under the terms of a settlement agreement, a federal judge in Virginia ruled Sept. 27, affirming a bankruptcy court’s judgment (California Self-Insurers’ Security Fund, et. al. v. Alfred Siegel, No. 18-619, E.D. Va., 2019 U.S. Dist. LEXIS 167399)....