Insurer Driven Request for Archaeology to Spread Time on Risk

Arcina was contacted by an insurance company who was solely defending a prominent northeastern cosmetics manufacturer that was involved in a significant environmental claim. The company was seeking other insurers who could provide a contribution to the claim. Arcina was engaged to conduct a comprehensive insurance archaeology project as prior archaeology undertaken by other firms had yielded little to no results. Working in close collaboration with the insured, Arcina spent several days in the cosmetic manufacturer’s warehouse sorting through old files until a locked file cabinet was discovered containing a microfiche. A trip to the local library unveiled a record of solvent insurance assets valued at over $50M which reduced the insurer’s responsibility by more than 80%.