Can an insurer become insolvent for a bad claims experience? Absolutely. A bad claims experience can lead to an insurer becoming insolvent, which means that it is unable to pay its obligations to policyholders. This can happen for a number of reasons, including: Editor’s Notes: “can insurer become inssolvent for…
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Unraveling the Roles: Insurers as Plaintiffs and Defendants
Can an insurer be the plaintiff or the defendant in a lawsuit? The answer is yes. Editor’s Note: This article was published on [date] and provides important information about the role of insurers in lawsuits.