Issue?

CFO initially facing annual increase of over $70,000, despite favorable claims experience, was told “it is just the marketplace”. Reliant upon Medicaid and private donations (rather than health insurance reimbursements), is the new cost affordable?

Action?

We arrange an RFP and a new provider steps in with the same protections at a cost lower than the prior year

Outcome?

Hospital saves over $75,000 (in midst of pandemic)

Issue?

Client could not locate any former insurance to provide a claim defense

Action?

Our policy archeologists, using bank and other records located in a site document "dig" spanning generations of ownership, found insurance placements dating to 1948. Though many of the former insurers identified has ceased to exist many decades ago, we located survivorship insurance companies who assumed long term fiduciary responsibility and have filed claims with these companies as well.

Outcome?

With these newly discovered records, along with secondary evidence of applicable insurance, the defendant has been able to file claims for defense and indemnification ... with potentially millions of coverage dollars now in play.

Issue?

Contractor is alleged to have accidentally caused a fire destroying a historical mansion and neither their insurer nor agent provide timely assistance

Action?

We immediately engaged all parties representing the contractor, the building owners, its insurer and the insurer's litigators (who got involved within just days of the blaze) and secured claim set up, policy/coverage documents, kept everyone working cooperatively and arranged and supervised joint site inspection by insurers, forensic experts, debris removal and renovation specialists.

Outcome?

Without any legal actions, the respective insurers are negotiating a resolution; the homeowners are living in a comparably exquisite residence; and the contractor, rather than being mired in aggravation and litigation, is focusing energies on its successful business and customers.

Issue?

Successful professionals decide to transition beautiful but raw lakefront Wisconsin property into an 18 large-parcel homeowners' association ... but have no background in commercial risk management or insurance.

Action?

We studied the land and project plans (alongside the clients' attorneys), designed and published both Risk Management Guidelines and Insurance Bid Specifications and then engaged brokers for competing proposals to best serve the developers and, subsequently, the future Board and residents of the Association.

Outcome?

Through the broker competition we engineered and supervised, over 30 insurers were approached... and an appropriately protective and attractively-priced portfolio was presented and implemented as the development commenced.

Issue?

Client desperately needs professional guidance but with agent and insurers unresponsive for two months after loss, what do they do?

Action?

We engaged with insurers and agent to work toward recovery funding for damaged buildings and assets, stolen inventory and cash, as well as replacing incoming revenues

Outcome?

Recoveries, with neither attorneys nor public adjusters involved, are in the millions; some locations rebuilt and re-opened and others repaired and are being sold

Issue?

Leadership concerned whether they are properly insured despite long relationship with insurance agent, particularly due to festival’s live music and fireworks display and enormous risks to spectators?

Action?

We perform an exposure and coverage analysis, evidencing that the Liability insurance purchased has previously unknown, absolute exclusions in case of any claims from live music and/or fireworks

Outcome?

Proper insurance is arranged … Client’s relationships with national sponsors, as well as its own finances, are protected

And in an uprising sign of Chicago's recovery, the Association - after being forced to create and host a virtual event in late 2020 - is bringing back its national renowned and broadcast live event in November ... which will be bigger and better than ever and properly insured!

Issue?

What if the Conference is cancelled and no fees are collectable?

Action?

We explain and outline Meeting Cancellation Insurance

Outcome?

Association’s broker secures the insurance for $35,000, Conference is subsequently cancelled due to circumstances beyond its control … and recovery exceeds $750,000

Issue?

Reputable insurer and agent both unable to comprehend and respond to magnitude and complexity of the claim, family needs comparable housing, and home rebuilt, and wonders how to proceed?

Action?

We analyze all coverages applicable and guide family in negotiations with insurance company and emergency contractors

Outcome?

Within three weeks, insurer issues payments for over $2,000,000 and is also paying the $15,000 monthly rental expense on their temporary home during what may be two years of reconstruction

The family lived in a luxury spec home (fully paid for by the insurer) for a year following the fire; all personal belongings replaced with brand new items; and is now moving into a new home, featuring all amenities destroyed in their former residence (also fully funded by the insurer).