The Collateral Agreement excluded tort claims, excluding SUNZ from BP funds.

[Chris]

Insurance carriers seeking a claim on a company's assets for premium security or collateral must clarify that these assets encompass potential tort-claim settlements, a federal appeals court ruled Wednesday. This decision stemmed from a case involving a Florida staffing firm.

Full story can be seen [here](https://www.insurancejournal.com/news/southeast/2025/01/10/807673.htm).