Third-party Insurance Claims Solutions
With the potentially high risks and costs of protracted and complex litigation,
the most prudent approach for maximizing recovery of insurance proceeds for third-party
liabilities is, in most cases, a negotiated settlement process that emphasizes business
and economic considerations.
Employing a unique combination of financial, legal, engineering and other technical
skills, The Claro Group assists companies with developing and executing negotiation
strategies to maximize insurance claim recoveries for third-party liabilities. These
typically involve asbestos, pollution or human health (APH) issues.
Our broad experience in this area includes many of the largest-ever individual settlements
between insurers and policyholders. Collectively, our professionals have helped
clients achieve settlements in excess of $4 billion.
Experience in all major contexts.
We have dealt successfully with nearly every type of major, long-tailed liability
insurance claim, including:
- Asbestos, silica and mixed dust
- Environmental remediation, property damage, and natural resource damages
- Lead paint
- Occupational hearing losses
- Breast implants
We also have negotiated many types of settlements, including:
- Full policy buybacks
- Targeted settlements (with detailed carve-outs for pending exposures)
- Structured coverage-in-place agreements
In addition, we have a strong track record for negotiating and achieving resolution
with financially troubled insurance carriers, including Equitas and many London
Market Companies and Schemes of Arrangement.
A results-based process.
The Claro Group follows a comprehensive, three-phase approach focused on negotiating
an optimal result:
- Initial policy and exposure analysis (including policy archeology if necessary)
- Detailed claim documentation, policy analysis and allocation sensitivity analysis
- Presentation and negotiation of claim, including defense of claim
We employ many proprietary tools in our analysis, including our Insurance Claims
Allocation System (ICAS) and, where appropriate, our Coverage Management Extranet
(CME), an automated policy retrieval and analysis platform.
Please contact us for more information about The Claro Group's third-party claims
solutions.
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