Reinsurance Dispute Resolution/NAIW

NAIW Annual Convention May 2009 REINSURANCE DISPUTE RESOLUTION: How You Can Have a Positive Impact For Your Company Theresa W. Hajost HALLORAN & SAGE LLP 1730 Pennsylvania Avenue, NW, Suite 800, Washington, DC 20006 202-263-4971 or [email_address] Washington, DC / Hartford / Middletown / Westport

Overview ,[object Object],[object Object],[object Object],[object Object],[object Object]

Legal Advice From Abraham Lincoln ,[object Object]

Reinsurance is Special & Different ,[object Object],[object Object],[object Object],[object Object]

Reinsurance Concepts: Follow the Fortunes/Utmost Good Faith Like a magic hat, you never know what is going to come out of an insurance policy. The underwriters have made some estimates, but at the heart of each insurance contract is a risk. Reinsurance emerged so that no insurer would have to bear the entire risk of a loss alone.

The Nature of Reinsurance: Follow the Fortunes ,[object Object]

The Nature of Reinsurance: Utmost Good Faith ,[object Object]

Traditional Reasons The Industry Prefers Arbitration ,[object Object]

Reinsurance is Special – From Both Insider and Outsider Points of View ,[object Object],[object Object]

Avoid Creating Disputes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Knowledge: Who Knows Your Reinsurance Program? Broker Contract Wording Accounting Claims Legal Purchasing Underwriting You

How to Avoid Disputes ,[object Object],[object Object],[object Object],[object Object],[object Object]

Claims: Notice & Communication ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Keys to Success ,[object Object],[object Object],[object Object],[object Object]

Dispute Decision Point: Where Should You Be? ,[object Object],[object Object],[object Object]

Case Assessment ,[object Object],[object Object],[object Object],[object Object],[object Object]

Assessment: Know Your Case and Consider Pressure Points Identified Through Negotiations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Dispute Resolution ,[object Object],[object Object],[object Object]

Mediation ,[object Object],[object Object],[object Object]

Should We Give Mediation A Closer Look? ,[object Object],[object Object]

Traditional Reasons The Industry Prefers Arbitration ,[object Object],[object Object]

Practical Reasons to Choose Arbitration: A Panel Composed of “Experts ” ,[object Object],[object Object],[object Object],[object Object]

Do You Want This Guy Deciding Your Dispute? ,[object Object],[object Object]

Arbitration Advantages ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Even If You Choose Arbitration, You Can Still End Up In (or In and Out) of Court ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Once An Arbitration Has Been Completed, There Are Very Few Ways To Change The Result ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The Arbitration Process & Issues ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Arbitration vs. Litigation Differences and Similarities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Why Might You Opt For Litigation? ,[object Object],[object Object],[object Object],[object Object]

Special Approaches for Small Disputes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Post Dispute Evaluation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Positive Results ,[object Object],[object Object],[object Object],[object Object]

Reinsurance Dispute Resolution/NAIW

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