The Orderly Resolution of Lumbermens
Article from Insurance and Finance Newsletter No.14-John K. Conway, James W. Schacht and Kenneth R. Wylie present the Lumbermens Mutual Group insolvency case with its innovative run-off process as a case highlighting how the U.S. insurance regulatory system can handle an insurer wind-down in a way that avoids undue hardship on the insurer's claimants and policyholders.