to be interpreted very broadly. United States v. Whiting Pools, Inc., 462 U.S. 198, 103 S.Ct. 2309, 76 L.Ed.2d 515 (1983). Hence, when a corporation becomes the subject of a bankruptcy case, its insurance policies become property of the bankruptcy estate. See, e.g., A.H. Robins Co., 788 F.2d at 1001; In re Davis, 730 F.2d 176, 184 (5th Cir.1984); Johns Manville Corp. v. Asbestos Litig. Group (In re Johns-Manville Corp.), 40 B.R. 219, 230-31 (S.D.N.Y.1984). Generally, the estate’s property interest in the proceeds of a typical liability policy is an unstated given. First Central Financial, supra. In most situations this is entirely understandable, since the debtor is also the beneficiary of the liability insurance coverage. Id. But the question of who owns the proceeds of a li z.1990) (<HOLDING>); In re Minoco Group of Cos., Ltd., 799 F.2d
holding that because proceeds of a letter of credit were not secured by estate collateral the proceeds were not property of the estate holding that existence of indemnity coverage notwithstanding that debtor had paid any such claims on behalf of principals operated nevertheless to bring proceeds into estate in order to avoid diminution of assets holding that existence of entity coverage was sufficient to bring proceeds into estate notwithstanding absence of claim against debtor corporation holding that because no claims had been filed against the debtor existence of entity coverage did not make proceeds property of the estate holding that the proceeds of a liability insurance policy were not property of the estate