Loss reserves are discussed and published in the media, and data freely exchanged until an insurance company is asked for it in a lawsuit. Once the lawsuit is filed, insurers pretend as if this information is something extraordinarily private and only told to a priest in a confessional. I suggest that insurers and their counsel are like Pinocchio, with long noses getting longer when making such absurd arguments preventing disclosure.
Continue Reading Loss Reserve Information For Property Insurers Should Be Disclosed In Litigation—Reserve Information In a First Party Case Is Relevant and Not a Secret
