Author: ehemingway

BY: KRISTEN DRAKE

For decades, PolicyFind has specialized in working with companies facing multimillion-dollar lawsuits alleging serious injury or death associated with asbestos exposure. These claims can devastate businesses financially and leave them with few options apart from trying to get cases dismissed or settling out of court. While the latter can yield the best outcome for both parties in one case, it is possible, perhaps probable, that one asbestos exposure case may open the floodgates for multiple suits to be filed.

Our clients routinely share that they are unsure why they have been named in a lawsuit because they have no known connection to asbestos-related products. Even so, many of our clients report being named in multiple cases after being named in their first. According to the U.S. Chamber of Commerce Institute for Legal Reform, the reason for numerous lawsuits may be partially linked to ‘over-naming.’ “Over-naming is especially common in asbestos lawsuits. As litigation drove the manufacturers of the most common and most dangerous asbestos-containing products, like insulation, into bankruptcy, lawyers began to target other less-involved companies in new lawsuits. As the number of potential targets grew, some began filing “boilerplate” complaints that included dozens—sometimes one hundred or more—defendants without thoroughly researching which companies may actually be involved in a specific case.”

For these reasons, PolicyFind works alongside construction, automotive, manufacturing, power generation, and shipbuilding companies and their attorneys every day to locate and quantify their historical liability insurance policies. Once successfully identified, these occurrence-based policies provide a valuable funding source to answer asbestos exposure demands.

WHAT IS INSURANCE ARCHAEOLOGY?

Historical CGL policies are found through insurance archaeology, the process of locating, reconstructing, and evaluating historical insurance. Insurance archaeology retraces the genealogy of insurance coverage over a company’s life. The retroactive nature of long-tail claims, like asbestos, can defend against damage or injury that is not evident until years later.

Furthermore, historical insurance policies never die. The historical insurance policies of bankrupt and defunct companies can defend current claims, and the same is true for the historical insurance policies of deceased individuals.

WHY POLICYFIND

Asbestos litigation poses significant financial risks, and finding historical coverage can help companies recover defense and indemnity costs, potentially saving millions.

PolicyFind’s expertise is unparalleled in conducting corporate history reconstruction and locating evidence of historical insurance coverage. We work directly with policyholders, insurance carriers seeking to discover coverage for cost-sharing, and attorneys involved in multi-pronged legal strategies to locate and recover lost or mislaid policies.

Over our 20+ year history, PolicyFind has amassed an unparalleled success rate in finding evidence of applicable historical coverage and is widely regarded as an industry leader. Our team includes professional investigators, insurance analysts, and industry experts with years of dedicated experience locating and interpreting insurance policies.

Contact PolicyFind today to learn more about how to discover and reconstruct your organization’s historical liability insurance portfolio.

For years, school districts, youth-based organizations, religious institutions, and municipalities have relied on PolicyFind’s insurance archaeologists to locate their lost liability policies. These old policies hold incredible value today because they can fund civil lawsuits alleging wrongful acts against children decades ago.

Insurance Archaeology has been vital for organizations as states throughout the country have enacted laws that, either temporarily or permanently, remove the statute of limitations, allowing survivors of child sexual abuse to file civil suits against their abusers (and/or private or public entities).

In recent years, some ‘Child Victims Act’ laws have been challenged in their respective Supreme Courts, resulting in them being deemed unconstitutional in states like Maine and Colorado. In other states, like Maryland and Louisiana, the laws have been affirmed and upheld by the State Supreme Court.

Maryland

Maryland’s Child Victims Act was signed into law in 2023. However, the permanent revival window that removed restrictions on when survivors could file civil lawsuits was challenged in the Maryland Supreme Court. In February 2025, the Supreme Court upheld the state’s permanent revival window, allowing survivors to file civil suits against their perpetrators regardless of how long ago the abuse occurred.

According to peoples-law.org, Maryland’s Child Victims Act places caps on civil damages for child sexual abuse: “Monetary damages for claims against public entities are capped at $890,000, and Non-economic damages from private institutions such as churches and civic organizations are capped at $1.5 million.”

Louisiana

In 2021, the Louisiana Child Victims Act opened a ‘lookback window, or temporary time period, in which child abuse survivors could file civil lawsuits against their abusers, regardless of when the abuse happened. The Louisiana Supreme Court initially struck down the lookback window as unconstitutional but later reversed its decision. Louisiana’s lookback window will remain open until June of 2027.

Insurance Archaeology

These matters are sensitive and undoubtedly full of complexities for defendant institutions. When a school district, a religious institution, a municipality, or a non-profit receives a civil complaint of this nature, they will likely begin to assemble a team to assist them.

The attorney representing the defendant’s institution will probably anchor the team. An Insurance Archaeologist needs to be prominent on the team, too. Insurance Archeologists are the experts at illuminating those often long-buried or lost general liability insurance policies issued to the school or non-profit.

These old General Liability policies can respond today and provide the funds needed to answer revived abuse claims—even if the allegations date back to the 1980s (or earlier).

While these old policies can provide monetary relief, the policyholder must first prove the policy existed. This can be problematic, especially when the policies have long ago been discarded.

Insurance Archeology is the practice of locating and retrieving proof of the existence, terms, conditions, and limits of lost or destroyed insurance policies. Under current and future reviver statutes and emerging new laws across the country, historical CGL policies issued to businesses, schools, churches, and other organizations are the first line of assets to be explored to pay for claims against them.

Contact PolicyFind today to learn more about how to discover and reconstruct your organization’s historical liability insurance portfolio.

To learn whether your state has similar laws allowing permanent or temporary removal of the statute of limitations, Child USA maintains and updates its “SOL Tracker,” which contains the latest information on Child Abuse Statutes of Limitations in all 50 states.

BY: KRISTEN DRAKE

When acquiring or managing a company, what you don’t know about a company’s past can limit your options, reduce your assets, and potentially expose you to financial risk.

It’s often said that ignorance is bliss. But, when valuable information about a business’s history has been destroyed or discarded, ignorance is…Risk. Can that institutional knowledge be regained? Yes! PolicyFind specializes in reconstructing corporate histories to mitigate the financial and legal risks of M&A, property transactions, and legacy claims involving bodily injury.

REVEALING THE PAST WITH CORPORATE HISTORY RECONSTRUCTION

This intricate process can resemble unraveling a knotted ball of yarn. While each investigation is different, there are core similarities. Our investigators and researchers begin by interviewing key personnel/stakeholders and/or their legal representatives to learn what is known about the entity’s background.

Next, we request to gather additional information contained within the organization’s archives to identify additional leads to potentially pertinent historical information. Our interest is to gather historical data from three main sectors: financial, legal, and contractual.

After this process, if information gaps still exist, PolicyFind reviews documents within public repositories, including, but not limited to, Articles of Incorporation, state filings, maps, environmental reports, and property records.

These critical yet often overlooked steps aim to identify the correct entity or entities responsible for a long-tail or legacy liability claim and/or which entity has rights to the lost or mislaid liability occurrence-based policies in force when bodily injury or property damage may have occurred.

If corporate history research and reconstruction are not performed correctly, the potential consequences include financial losses or legal issues.

HOW DOES CORPORATE HISTORY RECONSTRUCTION MITIGATE FINANCIAL AND LEGAL RISKS IN M&A AND PROPERTY TRANSACTIONS

Corporations acquiring current companies may also inherit liabilities from past practices.

In today’s corporate landscape, mergers and acquisitions (M&A) are commonplace. In fact, according to the Institute for Mergers, Acquisitions & Alliances, since 2000, more than 790,000 transactions have been announced worldwide.

Much has changed since the first corporate acquisition wave in the United States, which occurred between 1897 and 1904 (Wiley Online Library). Today, buyers and sellers can type keywords into an AI search engine and find hundreds of sites dedicated to offering best practices and due diligence checklists containing guides to acquiring documentation such as capital assessments, operations evaluations, inventory reports, and capacity analyses.

The same holds for real estate transactions involving environmental risk and long-tail or legacy liability claims dating back decades.

Even with so much information at our fingertips, some key data points have been lost with time.

An assessment of the insurance assets the acquiring company takes from the target company is an essential component of the acquisition process. It can make or break a deal where future liabilities are likely to emerge.

HOW DOES CORPORATE HISTORY RECONSTRUCTION MITIGATE PROPERTY DAMAGE CLAIMS

PolicyFind routinely works for real estate investors and developers. In these cases, it is commonplace that very little background information is known about a property’s historical ownership, let alone, operations. Further, at the inception of many of these types of investigations, PolicyFind frequently learns that no historical documentation exists. Perhaps the former owner was the sole proprietor and passed away decades ago. In these instances, our insurance archaeologists are tasked with revealing the full scope of the property’s ownership and operational history.

Once this information is brought to light, the search for those entities’ liability insurance can begin.

Armed with little more than an address, PolicyFind researches to identify Potentially Responsible Parties (PRPs) and then begins the arduous task of locating associated historical general liability policies.

HOW DOES CORPORATE HISTORY RECONSTRUCTION MITIGATE BODILY INJURY CLAIMS

When a lawsuit is filed against a school district for the acts of a bad actor dating back to the 1970s or 1980s, one of the first components an insurance archaeologist must uncover is the district’s naming convention at the time of the alleged wrong doing. While this may seem simplistic, it is common for public entities’ names to change throughout time. Learning how public entities insured themselves, and under which nomenclatures is vital. Moving a claim forward to defense or indemnity is impossible without this information.

Corporate History Reconstruction has a myriad of applications. It is common to employ these practices to mitigate risk in lawsuits arising from illnesses related to exposure to asbestos, silica, or talc.

CONTACT POLICYFIND

PolicyFind specializes in reconstructing corporate histories to mitigate the financial and legal risks of M&A, property transactions, and legacy claims involving bodily injury. Contact us today for a free consultation.

BY: KRISTEN DRAKE

The deadline to file claims with the Receiver for Arrowood Indemnity Company’s liquidation has been extended. The date has been moved from January 15, 2025, to all claims needing to be submitted on or before May 15, 2025. If claims are not submitted by this new date, they will “be barred forever from recovering on claims against Arrowood, or its estate.” Trinidad Navarro, the Delaware Department of Insurance Commissioner, serves as the Receiver.

You can read more about the claims bar date extension here: https://insurance.delaware.gov/wp-content/uploads/sites/15/2024/12/Arrowood-Order-Granting-Motion-To-Extend-Bar-Date.pdf 

If you’re facing a long-tail liability, toxic tort, or latent injury claim, and any of the carrier names listed in this article sound familiar, now is the time to act. PolicyFind’s Team can help you organize and present your evidence of coverage and submit your Proof of Claim before the Claims Bar Date. Time is of the essence to ensure your claim is preserved.

Arrowpoint Capital announced on November 8, 2023, that Arrowood Indemnity Company had been placed into and consented to liquidation by order of the Chancery Court of Delaware.

Formerly known as Royal Globe Insurance Company and/or Royal Indemnity Company, Arrowood Indemnity was acquired by Arrowpoint Capital in 2007 as part of the U.S. insurance operations of Royal & Sun Alliance Insurance Group plc. Click here for the list of the 75 companies involved with the Arrowood Indemnity liquidation.

Dennis Cahill, President & CEO, attributed the liquidation to factors such as the enactment of child victim act statutes and the persistent emergence of claims related to legacy insurance policies issued decades ago. These developments have significantly impacted the company’s financial condition. Read the company’s full statement here.

Similar to Bedivere Insurance Company’s liquidation in 2021, Arrowood Indemnity’s liquidation may have broad implications for long-tail, toxic tort, and latent injury claims. General liability policies issued by companies like Arrowood often provide coverage for these types of claims. Don’t miss your opportunity to secure your claim—contact PolicyFind for assistance today.

BY: SAMANTHA DEELORRIETA

Effective risk management is crucial for safeguarding an organization’s financial health and operational stability. Companies can protect their capital and earnings from unforeseen disruptions by identifying, assessing, and mitigating potential threats—from financial uncertainty and legal liabilities to accidents. A thorough insurance policy audit ensures that an organization’s historical liability coverage program is robust enough to respond to potential current or future risks. The historical insurance policy and program audit is a proactive approach to minimizing the impact of unexpected events.

Risk management is often handled by a dedicated department in larger corporations, while small businesses, non-profits, and religious organizations may address it sporadically, such as during board meetings.

While many organizations focus on future goals, effective risk management today also requires planning for past liabilities. This includes the potential for civil suits related to bodily injury, property damage, or exposure to harmful substances that may have occurred decades ago. In some cases, organizations may have incomplete insurance records, leaving them unaware of gaps in their historical coverage.

Enter the insurance policy audit.

What is an insurance policy audit, and how does it help manage risk?

“Insurance policy audit” can refer to several different things. A quick Google search populates results for the following types of policy audits:

• A risk professional, such as an insurance agent, may recommend conducting an insurance policy audit to determine whether the organization’s current insurance program provides adequate coverage for its current risks.
• Insurance companies commonly conduct insurance policy audits, also known as premium audits, to confirm an insured is paying the correct premiums for coverage provided.

In insurance archaeology, however, a historical insurance policy and/or program audit is conducted to unearth the long-forgotten policies that comprise an organization’s historic liability insurance coverage. These audits determine the terms of coverage the policies provide and identify which policy years are missing. Whether you’re working proactively, responding to a demand from an environmental agency, or addressing a lawsuit, once this information is uncovered, it can be used to defend against newly filed legal actions—such as those alleging damage or injury from events that occurred decades ago—involving your organization.

How is an audit performed?

The audit process typically begins with a review of an organization’s business records, including insurance policies, financial records, meeting minutes, and litigation files. This review

can be conducted in several ways, depending on the organization’s method of storing its old files and the number of files to review. PolicyFind’s skilled archaeologists can review records onsite at the organization or in their own offices by having them shipped to them. These records can also be analyzed virtually via digital means.

During the records review, the archaeologist will note significant findings and sort out all records pertaining to insurance. This includes actual insurance policies and all documents that may provide “leads” to evidence of historic insurance coverage.

Once the pertinent records have been identified, the archaeologist will comb through them with a sharp eye to identify key information, such as policy numbers, carriers, limits, coverage types, agents, brokers, and more.

After all relevant information is compiled, it is organized into a report containing a Schedule of Insurance, Coverage Chart, and Recommended Next Steps. The report includes an overview of the archaeologist’s findings, the identified coverages (including carriers, limits, and layers), any gaps in coverage, and recommended next steps.

Contact PolicyFind

Knowledge of your company’s historic insurance coverages through an insurance policy audit will add valuable tools to your organization’s risk management arsenal. After the audit, whether there is a current action to respond to or further insurance archaeology to conduct, PolicyFind is here to help.

The best way to accurately assess whether an Insurance Policy Audit is the right option for your organization is to speak with us. During a free consultation, we will learn more about your specific situation and advise potential paths forward. Contact PolicyFind today to get the process started.

BY: JAMES PAWLISH

Insurance carriers should leverage insurance archaeology services to locate historical general liability policies, and the benefits of doing so are substantial.

As the legacy claims landscape continues to evolve, carriers who embrace these specialized services safeguard their insureds and strengthen their collective positions. By looking to the past, carriers better protect the future—for themselves and their insureds.

Understanding the full picture of an insured’s historical liability insurance coverage program is critical. Historical liability policies carry significant implications for claims management, particularly in an era where environmental liabilities, asbestos and talc exposure claims, and long-tail personal injury claims are increasingly common. Enter insurance archaeology — an invaluable service that helps carriers locate and retrieve additional historical coverage to respond to litigation and demands. Here are a few reasons why embracing this service has been a game-changer for carriers.

UNLOCKS ADDITIONAL COVERAGE FOR COST SHARING

Long-tail claims take decades to surface and often relate to environmental damage, product liability, personal injury, or occupational hazards. Carriers may struggle to provide adequate coverage for these claims without access to historical policies. By utilizing insurance archaeology, carriers can identify other carriers and unlock additional coverage. This knowledge empowers insurers to make better-informed decisions about current and future claims.

PROVES TERMS AND CONDITIONS

Policies contain a framework of language that has shifted over time. PolicyFind’s Specimen Policy Library and its insurance archaeology investigations provide unsurpassed insight into how policy language has evolved, helping carriers best understand their obligations (or lack thereof). This is particularly important when dealing with decades-old coverage or claims spanning multiple policy periods. By thoroughly understanding historical coverage and the regulatory environment at the time, carriers can make informed claims decisions.

MITIGATES RISK FOR CARRIERS

Insurance carriers can face significant risk. For instance, if an insured files a claim and the insurer cannot locate that documentation, it could lead to legal repercussions. By employing insurance archaeology services, carriers ensure they have all the necessary documentation at their fingertips, significantly reducing risk.

PROVIDES COST-EFFECTIVE SOLUTIONS FOR CARRIERS

While it may seem like an added expense, investing in insurance archaeology services can save carriers significant costs in the long run. Locating and accessing historical policies can prevent costly litigation, reduce claims disputes, and enhance overall claims management efficiency.

ENHANCES RELATIONSHIPS

Strong relationships are built on trust and transparency. When carriers take the initiative to locate additional coverage information, they demonstrate a commitment to their insured’s best interests. This proactive approach strengthens relationships and fosters loyalty.

By working with PolicyFind, you are leveraging our expertise and resources. Insurance archaeology is a specialized field that combines expert knowledge with advanced technology to locate evidence of historical insurance documents. Insurance carriers may lack the resources to perform this type of research effectively. Partnering with experts specializing in insurance archaeology ensures that carriers can tap into cutting-edge tools and methodologies, maximizing their chances of success in locating lost or misplaced policies.

CONTACT POLICYFIND

PolicyFind’s expertise operates on two key fronts. First, our team of experts uncovers evidence of historical coverage to tackle long-tail claims through Insurance Archaeology. Then, leveraging our extensive specimen policy library, we can reconstruct these old policies. This powerful approach delivers an impressive ‘one-two punch.’

Schedule a free consultation to determine if PolicyFind’s Specimen Policy Library and Insurance Archaeology services fit. To get started, contact PolicyFind today.

BY: KRISTEN DRAKE

Splashed across headlines throughout the country, is where to find situations in which Insurance Archaeology can provide potential pools of funds that may not otherwise exist. From the Biden-Harris Administration finalizing the EPA action designating PFOA and PFAS as hazardous substances under CERCLA (in effect on July 8, 2024) to billion-dollar talc cancer lawsuit settlements to million-dollar sexual abuse lawsuit settlements involving religious and educational institutions. Each of these present-day scenarios highlights the need to locate historical insurance policies for various claims, and the evolving nature of litigation and legislation.

Insurance Archaeology, once considered a niche industry, is now a mainstream construct and an integral part of legal strategies on both sides of the aisle. As societal awareness and legal frameworks evolve, it’s likely that the demand for such services will only continue to increase.

WHAT IS ‘INSURANCE ARCHAEOLOGY’?

Merriam-Webster would approve, as we begin with definitions. A practitioner for nearly a decade, I often define Insurance Archaeology as “the process of locating and retrieving proof of the existence, terms, conditions, and limits of lost or destroyed policies.”

If a more contemporary definition is preferred, ChatGPT defines the practice this way:

“Insurance archaeology refers to the process of researching and reconstructing historical insurance policies and coverage details for various purposes. This could include locating old insurance policies to determine liability, coverage, and obligations for environmental cleanup, asbestos claims, product liability, or other legal matters. It often involves delving into archives, records, and historical documents to gather information about past insurance arrangements.”

In short, Insurance Archaeology can be likened to genealogy – with an insurance bent. While PolicyFind’s investigators are proven experts at spotting even a modicum of potentially valuable information within old files and historical documents, those documents, oftentimes, are non-existent.

Insurance Archaeology is frequently suggested by an attorney, insurance broker, or environmental consultant, when all efforts to reconstruct historical insurance programs have failed. Searches that don’t involve Insurance Archaeologists typically arrive at dead-ends because 50- or 60-year-old business records were purged long ago.

WHAT DOES INSURANCE ARCHAEOLOGY ENTAIL?

Broadly, once armed with pertinent details about the historical operations of a business entity or institution, an Insurance Archaeologist will define and deploy a detailed and linear investigative strategy. The investigation typically takes 60-90 days to complete and may include boots on the ground research, interviews with stakeholders and key personnel, and research within public and private repositories. The aim in each investigation is the same: to locate potentially applicable policies by identifying and conducting a pain-staking review of priority sources of information. Generally, insurance archaeology strategies vary, as do the claims facing businesses, non-profits, and educational and religious institutions.

COMPONENTS OF THE INSURANCE ARCHAEOLOGY INVESTIGATIONS

While each Insurance Archaeology investigation is unique, there are some common strategies employed within the investigations. These components can be employed either within an insurance archaeology investigation, or employed as standalone options.

• Use of a ‘Specimen Policy Library’. Specimen forms and policies provide additional information needed to determine the terms, conditions, and limits of coverage for policies that are identified by evidence of coverage, such as cancelled checks, ledger entries or certificates of insurance that provide policy numbers. PolicyFind uses a myriad of proprietary sources to find actual policies or significant evidence of coverage. Our extensive specimen policy library contains hundreds of general liability and excess liability insurance policies to ground-truth evidence of coverage and help reconstruct missing portions of policies.
• Insurance Policy Audits. A valuable tool for those who have previously enlisted an Insurance Archaeology firm or for those who have received regulatory closure for prior environmental issues, but now may face additional PFAS-related concerns. This component is also vital when new claims or litigation has been filed alleging wrongdoing during a different policy period than when an Insurance Archaeologist previously investigated. An audit reviews and evaluates which policies may respond and which policy years are missing.
• Corporate History Reconstruction. This is a critical component for companies with a corporate history rife with mergers and acquisitions. Through this process, insurance archaeologists perform a full historical insurance audit to identify with whom historical liability lies. This practice also provides benefit to corporations acquiring ownership of present-day companies that risk acquiring potential liabilities with roots in past practices of the companies they acquire.
• PRP Research and Identification. Potentially Responsible Party (PRP) research comes into play when companies are unfairly singled out for environmental expenditures. More specifically, when regulatory agencies discover soil and groundwater contamination, the most obvious legally liable parties (responsible parties) are commonly the first to receive a demand. The most obvious party may be only one in a history of past owners and operators, waste transporters or generators that may have contributed to the environmental impairment. PRP research levels the playing field to involve all parties historically associated with a contaminated site.

The best way to accurately assess whether insurance archaeology is the right option for you is to speak with an insurance archaeologist who can learn more about your situation and advise you accordingly. PolicyFind’s experienced insurance archaeologists offer a confidential consultation to determine potential paths forward to cost recovery. Contact PolicyFind

Many drycleaners engaging an Insurance Archaeologist fall into one of three categories: 1. They worry their property may be contaminated due to operations taking place prior to their (now green) operation; 2. They know there is likely contamination onsite, but they’re not ready to deal with it because it’s expensive; or 3. They’re not being asked to investigate it, so it’s being ignored.

If you fall into one of those categories, you’re in the right place.

Let’s start at the beginning and hit the high points.

The official definition of Insurance Archaeology is: “The practice of locating and retrieving the proof of the existence, terms, conditions, and limits of lost or destroyed insurance policies.” We often liken it to ‘genealogy with an insurance bent’.

PolicyFind was conceived to work for dry cleaners. Over twenty years ago, our CEO, Steve Henshaw, assembled a team of investigators, geologists, and engineers to work with and for drycleaners, with a keen focus on marrying two concepts: cleaning up contaminated properties and finding funding to ‘turn liabilities into assets’.

Insurance Archaeology can be (and maybe should be) performed before there’s a known issue. We believe in two basic tenets: helping our clients protect their investment and leaving the environment better than we found it. The fact is, being a business or property owner is, at its core, an investment. It may be your savings plan, or it might be your children’s livelihood one day. If drycleaning operations existed at your property dating back decades, you owe it to your future self to protect your investment by investigating all funding sources available to you if you believe harmful chemicals may have been used in prior operations.

Steve Henshaw was one of the first to understand the immense value of historical general liability insurance policies as it relates to environmental matters. When leveraged, these historical insurance policies are assets that can be worth millions of dollars in legal defense, cost-sharing of defense, and settlements. More importantly, Henshaw understood these occurrence-based policies were worth more than their weight in gold when uncovered and applied properly and that most business owners would have purchased these policies to respond to everyday incidents – like slip and fall accidents.

The types of policies PolicyFind hunts for, most frequently, are those occurrence-based general liability and umbrella/excess policies. More specifically, in most states throughout the country, PolicyFind is tasked with locating policies issued prior to the 1985/1986 time period because that is when policies started to incorporate the Absolute Pollution Exclusion.

How is it possible new claims can still be made against old policies? First, you should know that these policies never expire. ‘Occurrence-based’ policies—are those policies that cover losses if the damage happened during the time the policy was in effect, regardless of when a claim is filed.

PolicyFind works with drycleaners across the nation, day in and day out, to locate, quantify, and bring to bear these decades-old policies to pay for clean-up and remediation. Because no vault or database exists in which old insurance information is held, we conduct interviews, put boots on the ground to physically search files, and develop and follow ‘leads’ to reconstruct insurance coverage portfolios. This, along with our knowledge of state-by-state case law relating to ‘long-tail’ environmental matters and our knowledge of how the insurance industry operates, is what gives our policyholder clients access to more funding options when facing large and expensive environmental clean-ups.

The best way to accurately assess whether insurance archaeology is the right option for you is to speak with an insurance archaeologist who can learn more about your situation and advise you accordingly.

PolicyFind’s experienced insurance archaeologists offer our future clients a confidential consultation to determine potential paths forward to cost recovery. Contact PolicyFind.

On November 8, 2023, Arrowpoint Capital announced that Arrowood Indemnity Company has been placed into, and has consented to, liquidation by order of the Chancery Court of Delaware.

Arrowpoint Capital acquired the U.S. insurance operations of Royal & Sun Alliance Insurance Group plc in 2007. Arrowood Indemnity is formerly known as Royal Globe Insurance Company and/or Royal Indemnity Company.

Dennis Cahill, President & CEO, said the liquidation was due, in part, to “the enactment of child victim act statutes and the continued emergence and re-emergence of claims related to legacy insurance policies issued decades ago continue to adversely impact the company’s financial condition.” Read the company’s full statement here.

Like Bedivere Insurance Company’s liquidation in 2021, Arrowood Indemnity’s liquidation action has a potentially far-reaching impact in the world of long-tail, toxic tort, and latent injury claims, which are typically covered by general liability policies formerly written by companies like Arrowood Indemnity.

As a result of this liquidation order, all claims need to be filed with the Receiver on or before January 15, 2025, or “be barred forever from recovering on claims against Arrowood, or its estate.” The Delaware Department of Insurance Commissioner, Trinidad Navarro, serves as the Receiver.

LEARN MORE
For more information about the liquidation action, the Complaint for Entry of a Liquidation and Injunction Order with Bar Date can be viewed in full here.

THERE IS STILL TIME

If you’re facing a long-tail liability, toxic tort, or latent injury claim and any of the carrier names listed in this article sound familiar, please contact PolicyFind. There is still time for our team to help you locate and present your evidence of coverage and to submit Proof of Claim, ahead of the Claims Bar Date set for a little more than a year from now.