Plain Meaning of Contracts Determinative

The U.S. Court of Appeals for the Second Circuit ruled in an unpublished opinion that where the terms of insurance policies with a commercial debtor clearly did not cover self-insured entities, the bankruptcy court properly granted summary judgment for the insurers on the issue (State of Mich. Workers’ Comp. Ins. Agency v. ACE Am. Ins. Co. (In re DPH Holdings Corp.), 2014 BL 261422, 2d Cir., 13-3305-bk, 9/19/14).

Insurers of the debtor brought an adversary proceeding seeing a declaration that they were not obligated under their policies with the debtor to assume the debtor’s worker compensation liabilities ...