Attend this session and examine the insurance brokerage distribution options together with licensing and its implications.
A number of fresh attorneys are entering the defense industry. Some of them may involve in defending adjusters and risk managers involving E&O claims or bad faith and insurance brokerages. Join this session, where expert speaker Frederick J. Fisher will provide you with an overview of the insurance industry, it's functioning including its day to day operations. It will review different product distribution models in depth.
The session will focus on what is called the insurance industry? The session will examine the insurance brokerage distribution options together with licensing and its implications. The session will discuss the different claim department models as well as staffing and functionality together with why reserves are posted. Further, it will examine the issues of claim processing and resolution issues and current trends facing the Industry.
The session will explore the different claim department organizational models. In addition, it will explore the functions such as reserve setting, ramifications of diminishing limits policies and communication with re-insurers. It will define the terms, such as expense to loss rations, loss runs, and claim audits. Do associates understand that the overall goal is to close the file as effectively as possible? Finally, there will be a discussion about being a good lawyer vs. being a good problem solver and deal maker.
This session will discuss:
Current events and laws
What is important to know about product distribution models and how they affect the claims process
Laws and regulations currently facing the industry and the claims process
A review of the positives and negatives as respects the several claim department models
What dangers lurk (Gotchya's) in the policies sold and should they be enforced, is it worth winning the battle but losing the War?
Who should attend?
Insurance Defense Attorneys and Private Counsel involved in Policyholder advocacy
Frederick J. Fisher, J.D. is the President of Fisher Consulting Group, Inc. and was the Founder of E.L.M. Insurance Brokers, a Wholesale & MGA facilityspecializing in Professional Liability and Specialty Line risks. He is a Member of the Editorial Board for Agents o...