Mark Warnquist

Newton’s Laws Applied: Stabilizing the Tripartite Relationship in Insurance Claims: Isaac Newton’s principles offer a unique perspective on maintaining balance among insurers, insureds, and defense counsel to mitigate legal risks. #Litigation #Liability #RiskManagement #InsuranceIndustry

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Always try to maintain excellent cycle times for: • First contact • Submitting the estimate after inspection • Any file revisions requested by a file reviewer • Overall timeframe of claim ownership Cycle times are arguably the most important part of the claims process. IA firms and carriers monitor them religiously on a daily basis. Although IA firms offer ample support to help adjusters in this area, they typically will not allow repeatedly poor cycle times to persist. Adjusters who have difficulty maintaining proper cycle times may simply need training or better understanding of their importance in the claims process. If training doesn’t remedy the problem, the company will usually administer warnings and if the problem continues to persist…they may discontinue using the adjuster for claims work. #pacesetterclaims #setthepace #tipsandtricks #tips #adjusters #fieldadjusters #catadjusters #catseason #stormseason #adjustertips #adjustertipsandtricks

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Underinsured motorist (UIM) coverage can be seen as gap coverage or excess coverage. If it’s gap coverage, then it fills the “gap” between the limits of the tortfeasor’s liability insurance policy and the limits of the insured’s UIM policy. If it’s excess coverage, then the limits of the UIM policy are seen as excess to the limits of the tortfeasor’s liability policy. Gap UIM coverage allows for a reduction from the UIM limit for any payment made by the tortfeasor, excess UIM coverage generally does not.

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Earlier this week, the Ohio Supreme Court ruled that Zuckerman Spaeder LLP’s clients—Certain Underwriters at Lloyd’s, London and eleven other insurers—do not have to indemnify The Sherwin-Williams Company for its liability in, and subsequent settlement of, a lead paint-related public nuisance action brought by California municipalities and counties (the “Santa Clara Action”). Sherwin-Williams was seeking approximately $102 million in insurance coverage from Zuckerman Spaeder’s clients and its other carriers. Read more: https://lnkd.in/e9xmPJhg The Zuckerman Spaeder team includes Carl Kravitz, Jason Knott, Caroline Reynolds, and Nick DiCarlo. The firm is also defending its insurer clients in ongoing litigation in New York over whether the remaining defendant, NL, is entitled to coverage for its liability in the Santa Clara Action. #litigation #publicnuisancelaw #insurance

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Claims-made liability policies require timely notice. This article provides an overview of claims-made policies, discusses common reasons for late notice and offers strategies to mitigate late notice risks. https://lnkd.in/gtxZ-H3h

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At the Claims Professional Conference, Tom Zagul ZAGUL - Loss Adjusters & Surveyors is sharing critical insights in his session, "Adjusting in Conflict Zones." Loss adjusting in conflict-affected areas demands specialized skills and strategies to navigate the complexities of these volatile environments. Tom’s session is offering practical guidance for claims professionals who work in or manage claims from these challenging regions. #ClaimsProfessionalConference #AdjustingInConflictZones #LossAdjusting #GlobalClaims #IndustryInsights

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**Nice to hear the Insurance Journal say it:** Social Media Investigations Are a Winning Strategy for Insurers https://hubs.li/Q02PjHvl0 #socialmediainvestigations #subrosa #claimsdefense #riskmanagers #workerscomp #wcdefense #insurancedefense #liabilitydefense #Fraudsniffr

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Adverse severity claim trends reported by most professional liability (PL) carriers continue. Social inflation is being cited as a primary driver. PL claims are taking longer and costing more to resolve. Depending on area of practice, project types and loss history, firms can expect PL rate increases in the 5% to 10% range. Get more insights from our Insurance Marketplace Realities 2024 Spring Update report.https://ow.ly/Iejn50S0mxC #WTWBroking #Insurance #ASmarterWayToRisk #Architects #Engineers

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Kimberly Talley and Jeffrey Neadle, CFE are looking forward to seeing everyone at The Florida RIMS Educational Conference later this month! Let's be sure to catch up on all trends in investigative solutions! #riskmanagement #investigations #claims #claimsfraud #fraud #insurance #insurancefraud #surveillance #investigators #insuranceinvestigations #workerscompensation #workerscomp #fraudabatement #FLRIMS #2024FLRIMS

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Old damage, new claim: Davies risk head notes rise in ‘Soft Fraud’ in southeast. With multiple hurricanes rocking Florida and other parts of the Southeast this year, claims professionals have said they are seeing a trend toward “soft fraud,” with more policyholders attempting to include older or unrelated damage in recent storm claims, and failing to report previous losses on a property. New insurers in the Florida market, several of which have taken out policies from Florida’s Citizens Property Insurance Corp. this year, are especially vulnerable to acquiring unexpected risks from previous wind or water damage, said Jose “Bill” Bridges, president of risk services at Davies North America, part of the international claims, auditing and underwriting services company. https://lnkd.in/gHeZawqu

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What current A&E claim trends may impact your clients? John McKinney and Derek Steffen, our senior claim examiners, name three to look for in this article published in Independent Agent. Read the article: https://lnkd.in/ek8ZVTCR #berkleyalliance #independentagent #claims #insurance

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👉7- WAYS TO HANDLE CLAIMS: -1️⃣Acknowledge, don’t hide -2️⃣Conduct Internal review -3️⃣Document all comms -4️⃣Review contract -5️⃣Get evidence -6️⃣Resolve -7️⃣Learn If you get to a stage where the counterparty is not acting in good faith, then there are more aggressive actions you need to take. You do need both parties to be honest and fair. No one wants claims, but they are a part of business. Are there any other tips you can give us? Do any of you just not accept claims? Let us know in the comments. ============================================== FOR REGULAR UPDATES, ☑️Visit our official website: 🌐https://lnkd.in/edsPtMBd ☑️FOLLOW US: ◾Facebook: https://lnkd.in/gBzKKY5r ◾Instagram: https://lnkd.in/gp_fy_Tn #MetalProcessing #ReduceReuseRecycle #CircularEconomy #VardhmanRecyclingLLP #MetalRecyclingIndia #Recycling #Sustainability #RhymeForACause #LinkedInCommunity #RespectYourTime #ChooseYourBattlesWisely #ProcurmentWisely #ChooseWisely #SustainableChoices #ValueYourTime #ResourceEfficiency #EnvironmentalResponsibility #CommodityTrading

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In a recent decision, the California Supreme Court reaffirmed a policyholder’s right to reach excess liability coverage by providing key guidance as to the proper exhaustion method for continuous injury claims spanning multiple policy periods. Download our Commentary below to learn more. Amanda Ellison Tara Kowalski Peter Laun Brian McDonald #insurance

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Ryan Transactional Risk is excited to present its latest claims publication, “The Claim Notice: Your Guide to Making an Effective Claim”. This follows the successful release earlier this year of Ryan Transactional Risk's inaugural claims brochure, "EMEA – A Claims Perspective". You can read and download a copy of “The Claim Notice: Your Guide to Making an Effective Claim” below. Alex White, Ryan Transactional Risk's Head of Claims (International), remarks “As a well-known broker recently commented, “a positive claims process nearly always starts with a good claim notice, substantiated with enough information”. We couldn’t agree more. In fact, as a direct result of the quality of the claim notice received, Ryan Transactional Risk was recently able to agree a claim in just 3 days much to the delight of the broker and the insured. That being said, there is little material publicly available on claim notices, in particular from an insurer’s perspective. Therefore, we thought it helpful to create this guidance note setting out what we think makes a “good” claim notice – we hope that readers find it insightful and helpful.” #Claims #MergersAndAcquisitions #TransactionalInsurance #WarrantyandIndemnityInsurance

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In collaboration with nine other workers compensation rating bureaus, an enhanced update of the 2020 mega claim analysis has been released. https://ow.ly/b5xm50Uq76V #MWCIA #Claims #WorkersCompensation #ClaimsAnalysis #InsuranceIndustry #BureauCollaboration #DataAnalysis

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Join Robert M. Horkovich on June 11th as he presents "Insured vs. Insurer: Litigating Priorities in Subrogation Proceeds", a Strafford CLE webinar. Presenting with him will be Michael Conley, Matt Greider, and Michael Wolfer.   Together, this panel will guide insurance companies, policyholders, and in-house counsel through the nuances of the "made whole doctrine" and the many different types of releases, waivers, and other devices insurance companies use to clarify or mitigate its effect to maintain priority recoveries from third parties.   The panel will review:   ✅ What it means for a policyholder to be "made whole" ✅ The difference between contractual, equitable, and statutory subrogation ✅ What happens if the policyholder has significant uninsured loss   Click the link below to register today.  #insurancelaw #Subrogation #madewholedoctrine #policyholder #policyholders #policyholderpowerhouse 

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