- Category
- Articles
- Date
- June 08, 2017
- Title
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A Look at Credit Agreements in Insurance
Corporate partners Daniel A. Rabinowitz and David S. Berg’s article “A Look at Credit Agreements in Insurance” was featured as a two-part article in Law360’s Expert Analysis column on June 8-9, 2017.
Credit agreements are not one-size-fits-all, and significant changes to the standard form must be made for borrowers in certain specialized industries. This is especially true of borrowers and loan parties in the insurance space.
In part one, the authors examine how these entities may have to prepare their financial statements using statutory accounting practices, in addition to accounting for “reserves,” or insurance-related obligations under policies they have issued, on their balance sheets.
In part two, they take a look at allowing greater flexibility in negative covenant baskets for operational reasons while balancing that with tighter financial covenants.
Read part one here.
Read part two here.
Related People
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David S. Berg
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- Partner
- Co-author
- New York
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Daniel A. Rabinowitz
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- Partner
- Co-author
- New York
- vcard
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