United States:
Keely Writes Commentary On How Insurance Policy Language Can Impact Valuation In The Legacy Sector
25 May 2018
Freeborn & Peters LLP
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In his recent commentary article for the UK trade magazine
Insurance Insider, Freeborn Litigation Practice Group and
Insurance and Reinsurance Industry Team member Sean Patrick Keely
reviews some recent New York Supreme Court cases that serve as
reminders of how much policy language matters when it comes to
valuing a book of business in today's legacy market. According
to Mr. Keely's article, "Read the fine print," the
interpretations of issues in these cases could shift hundreds of
millions of dollars in valuations across legacy books,
demonstrating that when it comes to the wordings of the policies
included in a book of business, the devil is deep in the details.
To read the magazine's 2018 Legacy Supplement that includes Mr.
Keely's article, click here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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