The IG report also establishes that the fourth sub-investigation of General Flynn was opened six days after the others — on August 16, 2016, the day after the meeting in Andy McCabe’s office.

Agent Barnett’s 302 says he was the Case Agent for both the Manafort investigation and the Flynn investigation. But then he also says the following:

From September 2016 to November 2016, Barnett advised that very little was being done on the Razor investigation.

As noted in the bolded language above in Lisa Page’s comments to Rachel Maddow, the “insurance policy” was needed in case candidate Trump won the election and some member of his campaign associated with Russia would then have access to classified information. It seems pretty clear that the reference about an “insurance policy” is a reference to having something to do with a person in the campaign who might go into the Administration if Trump won. A decision to open a new investigation was made earlier that day in the meeting with McCabe, the next morning Crossfire Razor was opened with Gen. Flynn as the target.