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Carrier Can Proceed With Suit Against Insured for Allegedly Fraudulent Transfers

By WorkCompCentral

Thursday, May 17, 2018 | 115 | 0 | 6 min read

The Illinois Appellate Court ruled that an insurance carrier can proceed with a lawsuit against a former insured for allegedly making fraudulent transfers to avoid paying an anticipated arbitration award. Case: Zurich American Insurance Co. v. Personnel Staffing Group, No. 1-17-2281, 05/15/2018, published. Facts: The Personnel Staffing Group bought a workers’ compensation insurance policy from the Zurich American Insurance Co. in 2011. The policy contained a “loss retrospective agreement,” which provided that PSG would pay Zurich an amount that depended on the workers&rsqu...

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