When a business is in distress and forced to sell assets or consider filing for bankruptcy protection, the company’s property and casualty insurance policies likely aren’t a top priority. They should be.
Insurance Optimization and Restructuring
Insurance optimization has four key uses in the restructuring process:
Protecting key stakeholders (management liability pre- and post-restructuring).
Identifying and recovering sources of trapped cash (collateral recovery in Chapter 11 and 7, and conse