OUR METHODS
In reconstructing a company’s insurance coverage history, IAG relies on extensive primary and secondary sources. The firm’s staff will dig exhaustively through corporate records and interview key personnel, including former employees. This primary research is coupled with IAG’s broad knowledge of insurance underwriting practices over the last 50 years, and a close familiarity with the merger and acquisition histories of carriers and brokers.
Because original liability policies have often been destroyed, the firm also consults external sources, ranging from outside counsel and auditors to state and federal government records, where older insurance documentation is frequently found. IAG also maintains strong contacts with insurance brokers in London - a critical source for documenting both primary and excess liability coverage since many older policies originated there.
IAG has the largest staff in the U.S. dedicated exclusively to insurance archaeology. Due in part to its partnership approach to doing business, the firm has earned a reputation as a valued and trusted resource for any organization concerned about reconstructing its historic insurance program.
As practiced by IAG, the historic insurance audit involves these steps:
- Reconstruct corporate insurance history in all its multilayered complexity.
- Analyze existing records to identify gaps in coverage history and develop leads to recovering lost policies.
- Search and recover lost policy documents, or secondary evidence of lost policies.
that organizes thousands of pages of records relating to hundreds of
policies issued over several decades -- often to multiple successor corporations.
the company's insurance history in a manner that clearly reveals aggregate policy
limits, changes in coverage terms over time, and layers of overlapping coverage.
