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Who gets the insurance payout after a building is destroyed by fire?

Neither debtor in bankruptcy nor taxing authorities trumped insureds right to insurance proceeds, District Court rules.

By Steven A. Meyerowitz, Esq., Director, FC&S Legal | Updated on May 26, 2016

The U.S. District Court for the Western District of Pennsylvania has ruled that the named insured was entitled to all of the proceeds from an insurance policy payable after the destruction of the structure it was operating and that the owner of the property — a company in bankruptcy — and the local taxing authorities were not entitled to any of the funds.

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