Angoff v. Holland-America Insurance Co. Trust

SPINDEN, Judge.

This dispute concerns reinsurance companies’ liability for incurred-but-not-reported (IBNR) losses in the liquidation of Holland-America Insurance Company. Reinsurance Association of America (RAA)1 and Borg-Wamer Corporation,2 including other appellants associated with Borg-Wamer (the Borg-Wamer appellants), filed separate appeals from the circuit court's final order entered in August 1995 approving a final dividend liquidation plan submitted by Jay Angoff, director of the Missouri Department of Insurance, as Holland-America’s receiver. The plan set forth instructions…