Reinsurance disputes increase in volume, as well as value, with each passing year. These are high-risk, high-dollar cases, cases that demand effective legal counsel and bold strategies. Most reinsurance disputes are not resolved in the courtroom, like other disputes. They need to be handled much differently.
At NLdH, our attorneys understand the unique nature of these disputes. In fact, we have a team of experienced insurance lawyers ready to handle them from inception to conclusion.
Our team is also available to provide consulting services and guidance to our clients with the goal of proactively avoiding reinsurance disputes. While we have the experience to take these complex disputes to conclusion, we believe that they are best avoided if a business resolution can be reached by the parties.
Our law firm offers the following services in the area of reinsurance:
- Strategic oversight and advice about high exposure cases involving a variety of issues, including asbestos exposure, environmental damage, latent injury, construction defects, health impacts, workers' comp run-off, catastrophes, and bad faith claims
- Assisting claim and financial professionals in analyzing risks associated with complex cases and issues
- Utilizing industry contacts to explore whether an amicable resolution can be reached between the parties
- Mediating, arbitrating and litigating claim cessions when business resolution is impossible
- Drafting and reviewing reinsurance agreements
- Commutations of reinsurance agreements
- Claim inspections (audits) on behalf of our clients
- Analyzing the appropriateness of reinsurance cessions on such issues as number of occurrences, allocation of loss, application of treaty or facultative exclusions
- Collecting aging balances from both reinsurers and retrocessionaires
Our ability to handle complex reinsurance disputes is tied directly to the more than 30 years of experience we have in the industry. That experience goes beyond the courtroom. Members of our team have served in a variety of positions within the industry, including experience as chief claims and legal officers for both ceded and assumed operations. We truly know the business of insurance.
Among our recent successes: Reinsurance arbitration on behalf of reinsurers regarding allocation of loss issues in an environmental case culminated in a panel award, reducing the billing by 97.5 percent. Learn more about our record of success.
Contact NLdH
With offices in Philadelphia, Cherry Hill, Newark, Columbus, New York and London, our national law firm is available to address reinsurance disputes for businesses throughout the United States. Contact us today.
