grants the Trustee — as successor to the Debtor — discretion to pay proceeds for an indemnifiable loss either to the D/O’s directly or to himself on behalf of the estate. See Motion, ¶ 13. ProFutures reads the Policy differently. It maintains that the Policy gives complete priority to non-indemniflable claims over indemnifiable or other claims. See Objection ¶¶ 20, 23. As the claims it raises give rise to a non-indemnifiable loss, ProFutures concludes, the proceeds are payable directly to the D/O’s for ProFutures’ benefit. This excludes the proceeds from the definition of property of the estate. Insurance Policies, Proceeds and Property of the Estate Because corporations pay for and own insurance policies, courts considering the question have concluded that the pol (Bankr.S.D.Fla.2001) (<HOLDING>). Regardless of which methodology this Court
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 entity coverage inapplicable because there were no remaining securities claims against the debtor holding that claims alleging that the debtor fraudulently induced the claimants to retain securities they had purchased from the debtor arise from the purchase or sale of those securities for purposes of  510b holding that existence of entity coverage was sufficient to bring proceeds into estate notwithstanding absence of claim against debtor corporation holding that when governmental entity asserts affirmative claim for monetary damages against party entity does not have immunity from partys claims germane to connected to and properly defensive to claims asserted by the entity to the extent any recovery on those claims will offset any recovery by entity