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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