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.
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