March 1, 2000
It is well known that policyholders
the country often suffer
through enormous delays
in obtaining insurance
recoveries from insolvent
carriers. The delays can
amount to a decade or two
while the insolvent estate spends years and
years chasing the largest asset available to pay
creditors—the monies held by the reinsurers.
What can policyholders and liquidators do?
The answer lies in the rising use of claims estimation
as the best means policyholders have to
obtain speedier relief once the carrier has been
placed into liquidation.