This Simpson Thacher & Bartlett LLP memorandum discusses court rulings on the rights of insurers related to a confirmed reorganization plan, tort victims' rights to recover in the event of an insured's insolvency, property damage under a general liability policy, force-placed insurance and the National Bank Act, and insurers' defense and indemnity obligations for Securities and Exchange Commission investigations. The memo also discusses rulings on a professional liability policy applied to a class action settlement, discovery requests in bankruptcy cases, sanctions for failure to preserve documents, and the disqualification of a law firm from reinsurance arbitration.