Retained by an international property and casualty carrier to conduct a thorough review of its open files, AG determined that over 30% of the files could be closed. These findings resulted in related reserve reductions of $9,800,000. In addition, the audit identified multiple files requiring immediate attention due to unrecognized coverage or litigation issues.
Asked to review a book of property claims, with total reserves of approximately $500,000,000 for a major domestic property and casualty carrier. Due to the proactive handling and recommendations of the team, the client was able to see a reserve decrease of approximately $75,000,000.