Aronson Insurance has received inquiries from concerned clients and advisors regarding insurance coverage for financial loss related to the alleged Ponzi scheme perpetrated by Bernard L. Madoff and Madoff Securities Investments. As each situation is unique, inquiries are being handled on a case-by-case basis by a dedicated claims representative. Depending on the state of domicile of the client and the version of the Homeowners policy form available, different coverages may be available in different amounts.
We urge you to call our office to discuss your individual circumstance with your account manager. For an insight into how several insurance companies are responding,, please see these attachments:
From Chubb, please read this.
From AIG, please read this.