Apollo's Rowan Blasts Regulators for Handling of Walter Insurers

What happened

Notify me of comments via e-mail More News Hurricane Nolo Threatens Hawaii With Catastrophic Flooding Insurance Regulators Defend State-Led Model in Reply to Warren Catastrophe-Bond Holders Bet Hurricane Polo Won’t Trigger Losses Edison Pushing for Wildfire Liability Deal Before Lawmakers Depart More News Features . Catastrophe-Bond Holders Bet Hurricane Polo Won’t Trigger Losses Severe Convective Storms: Risk, Field Reality and the Path to Resilience Glencore Faces $2 Billion Suit as It Alleges Radiant World Fraud Magnum Says Ben & Jerry’s Chair Fostered Toxic Culture . Rowan singled out the Delaware Department of Insurance for having allowed two of Walter’s insurers to label more than $20 billion in investments as unaffiliated when they weren’t.

Key details

• Catastrophe-Bond Holders Bet Hurricane Polo Won’t Trigger Losses Severe Convective Storms: Risk, Field Reality and the Path to Resilience Glencore Faces $2 Billion Suit as It Alleges Radiant World Fraud Magnum Says Ben & Jerry’s Chair Fostered Toxic Culture .
• Rowan singled out the Delaware Department of Insurance for having allowed two of Walter’s insurers to label more than $20 billion in investments as unaffiliated when they weren’t.
• Rowan’s comment adds to the growing pressure on the Delaware regulators, who are also scrutinizing Aquarian Holdings’ $4.1 billion acquisition of Brighthouse Financial Inc.

Why it matters to restoration

This belongs on an operator’s radar because insurance behavior sets the rules for documentation, scope disputes, cash flow and customer expectations. If the article points to a carrier, court or coverage trend, the practical question is what proof your next file needs before the argument starts.

What to check next

Check whether your estimates, photos, notes and customer updates would survive the same dispute described in the article.

Read original article ↗