Gavin Souter | Business Insurance Simple but sometimes overlooked negotiating skills can help reduces losses for insurers and other payers that go to subrogation, a pair of subrogation experts said. By adhering to strategies such as always making a settlement demand and building relationships with other claims professionals, insurers and third-party administrators can offset losses… Continue reading Negotiating Tactics Help Curb Losses in Subrogation
Tag: Subrogation
Florida’s Tort Reform and its Impact on Subrogation
Matthew Peaire | Butler Weihmuller Katz Craig HB 837 was introduced to the Florida House of Representatives on February 15, 2023. The bill went quickly through the House of Representatives and Senate and was signed into law on March 24, 2023, by Governor Ron DeSantis. The bill was 39 pages long and addressed many aspects… Continue reading Florida’s Tort Reform and its Impact on Subrogation
Improve the Bottom Line Using Subrogation Waivers
James T. Dixon | Brouse McDowell The premium a company pays for its general liability insurance is based on several factors. More obviously, the rate will be based on the limits of insurance obtained and the applicable deductible. Less obviously, however, classifications, rates and exposure bases also come into play. The Insurance Services Office (ISO)… Continue reading Improve the Bottom Line Using Subrogation Waivers
Subrogation Defense for Contractors: What to Do When an Insurance Carrier Sues You
Hendershot Cowart A homeowner or property owner (your client or customer) files a claim with their homeowners or property insurance for damage. The insurance company then comes after you, alleging it was a construction or design defect that caused the damage resulting in a claim. This is known as a subrogation claim. The insurance company… Continue reading Subrogation Defense for Contractors: What to Do When an Insurance Carrier Sues You
Florida Court Gives Parties Assigned a Subrogation Claim a Math Lesson
Lian Skaf | The Subrogation Strategist Although the focus of most subrogation cases is usually on proving liability, determining the appropriate measure of damages is just as important. Sometimes turning on a nuanced argument for recoverability, an adverse holding can significantly boost or reduce the total damages in a case. The Court of Appeal of… Continue reading Florida Court Gives Parties Assigned a Subrogation Claim a Math Lesson