| It can be difficult for insurance carriers to navigate the constantly shifting issues and complexities that characterize toxic tort and environmental issues. But these areas are our specialties, and that expertise translates directly to effective consultation. Our Consulting Services include: |
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Exposure Analysis |
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Complex Claim Exposure Analysis/Mass Tort
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Allocation Modeling
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Evaluation/Reserving
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Coverage Assessment/Independent “Bad Faith” Handling and Resolution
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Review of Loss Triangles, Coordination/Communication with Actuarial
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Aggregate Exhaustion/Monitoring
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Expense/Litigation Management |
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Geared towards reducing the total cost per claim, and file “leakage”
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Expert Negotiations/Expert Witness |
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ADR Support/Representation at settlement conferences, arbitration and mediation
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Litigation Support/Trial Prep/Testimony
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Streamlined Vendor Management |
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Establish protocol and professional standards
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Provide support for internal audit function
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Structured Alternative Financial Settlement (SAFS) |
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A ‘win-win’ scenario for insurers and insured who want to achieve settlements
that conflicting business goals would normally prevent
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Uses the sale of the insurers’ long term payment obligations to provide
insurers with predictable payments (both amount and timing), and deliver a lump
sum cash settlement to the insured
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Insurers also benefit from less immediate cash out; leveraging lump sum
settlement discounts; more organized reinsurance collections; claims management
on a macro financial basis as opposed to transaction detail; certainty and
finality to pending and potential disputes between insured and insurer
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