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The Environmental and Pollution Services practice of Alan Gray, Inc. specializes in assisting self-insured entities, insurance and reinsurance companies in the management of toxic tort and environmental issues and exposures. Alan Gray, Inc.'s experience, multiple locations and alliances with qualified environmental remediation firms allows them to provide a wide range of environmental, operational and claim services on an international level. In the past, Alan Gray, Inc. has provided consulting and audit support work for both environmental impairment liability (EIL) and commercial casualty coverages.
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| Environmental and Pollution Related Services Can Include: |
| Analysis of Self Insured Retentions (SIRs) or Underlying Coverage |
- Conduct analysis and reconciliation of prior paid expense and indemnity dollars to verify proper exhaustion of SIR and/or underlying insurance coverage for umbrella and excess clients.
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| Underwriting Due Diligence |
- Evaluate pollution conditions at particular site(s) with one of Alan Gray, Inc.'s environmental remediation business partners before decisions are made regarding the placement or pricing of a commercial cover.
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| Legal Bill Audits |
- Perform objective legal bill reviews, based on detailed counsel billing guidelines previously issued by the insurer clients, to confirm that outside counsel's fees and expenses are reasonable and warranted under the circumstances.
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| Third Party Administrator Claim Handling |
| Provide personally tailored programs at a variety of levels, from comprehensive claim administration to the supply of temporary staff at a client location. Services that can be provided include: |
- Initial contact with the insured and other relevant parties, claim acknowledgement to the insured and periodic claim status reports to the client regarding underlying claim developments;
- Policy procurement and coverage evaluation, performance of comprehensive coverage investigation and determination of coverage and the preparation of appropriate coverage position correspondence; and
- Litigation management, settlement negotiation, claim payment and policy exhaustion tracking.
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| Remediation Evaluation and Reconciliation of Costs |
- Retain and oversee the services of environmental testing, remediation or design firms to ensure that adopted environmental remediation strategies are appropriate, necessary and cost-effective.
- Coordinate remediation activities with responding government agencies and obtain approvals, as necessary.
- Reconcile records of prior remediation costs, evaluate to verify the reasonableness of charges and confirm proper allocation of costs.
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| Actuarial Services |
- Assist in the development of financial models to estimate future costs, as well as project and allocate such costs to the appropriate operation, jurisdiction or coverage.
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