Focus (Forum & Focus)
Oct. 9, 2007
Tapping Reserves
Focus Column - By Kirk A. Pasich - Individuals with insurance policies should be aware of how "reserves" and "reinsurance" can change the appropriate strategy for their day in court.
By Kirk A. Pasich
Insureds and other litigants often ask insurance carriers to produce a wide range of information, including information regarding their reserves and reinsurance.
"Reserves" are the amounts "estimated in the aggregate to provide for the payment of all losses and claims for which the insurer may be liable and to provide for the expense of adjustment or settlem...
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