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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]
Arbitration or Litigation?
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]

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Reinsurance Dispute Resolution/NAIW

  • 1. 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
  • 2.
  • 3.
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  • 5. 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.
  • 6.
  • 7.
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  • 11. Knowledge: Who Knows Your Reinsurance Program? Broker Contract Wording Accounting Claims Legal Purchasing Underwriting You
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