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ACI : Conference-Papers : 2003 : Reinsurance Claims and Collections

2nd National Comprehensive Guide to

Reinsurance Claims and Collections

Thursday, May 01, 2003

About

Insurance and reinsurance claims are estimated at up to $100 billion and growing, with reinsurance carriers bearing the bulk of these losses. The continuing pressure from the unprecedented influx of claims from the events of September 11th, as well as the constraints of the continuing exposures in non-products asbestos claims, dictate that reinsurers examine contracts in order to contest recovery where possible. Combine this with the reality that insurers are under pressure to settle claims quickly, and are, in turn, looking to collect on reinsurance proceeds swiftly and it is clear that even the most experienced insurance executive needs up-to-the-minute guidance to handle these claims. It is also necessary to have a comprehensive understanding of the legal requirements for collections and up-to-date knowledge of the strategic options for successful recovery of monies owing.

To guide you through this challenging environment, American Conference Institute has specifically tailored Reinsurance Claims and Collections to provide both the cedent and reinsurer with the critical information needed to handle reinsurance claims effectively - and to recover funds from your reinsurer or retrocessionaire swiftly. This conference provided in-depth sessions led by industry leaders who shared their insights and experiences on:
  • The state of claims, litigation and the market post 9/11
  • Quantifying non-product asbestos exposures - strategies to minimize re-opening "final" commutations
  • Contesting liability in life claims
  • Using contract language to make…or break a claim
  • Important allocation issues for reinsurance
  • Minimizing reinsurance exposure through security
  • Strategies to deal with a cedent's/reinsurer's looming insolvency
  • Working with cedents and reinsurers to reduce exposure to XPL and ECO
  • What are the best remedies for your situation?
If you handle insurance or reinsurance claims, this unique event is one you will not want to miss. Benefit from the speakers' comprehensive materials prepared specifically for this conference.

Contents & Contributors

About

Insurance and reinsurance claims are estimated at up to $100 billion and growing, with reinsurance carriers bearing the bulk of these losses. The continuing pressure from the unprecedented influx of claims from the events of September 11th, as well as the constraints of the continuing exposures in non-products asbestos claims, dictate that reinsurers examine contracts in order to contest recovery where possible. Combine this with the reality that insurers are under pressure to settle claims quickly, and are, in turn, looking to collect on reinsurance proceeds swiftly and it is clear that even the most experienced insurance executive needs up-to-the-minute guidance to handle these claims. It is also necessary to have a comprehensive understanding of the legal requirements for collections and up-to-date knowledge of the strategic options for successful recovery of monies owing.

To guide you through this challenging environment, American Conference Institute has specifically tailored Reinsurance Claims and Collections to provide both the cedent and reinsurer with the critical information needed to handle reinsurance claims effectively - and to recover funds from your reinsurer or retrocessionaire swiftly. This conference provided in-depth sessions led by industry leaders who shared their insights and experiences on:
  • The state of claims, litigation and the market post 9/11
  • Quantifying non-product asbestos exposures - strategies to minimize re-opening "final" commutations
  • Contesting liability in life claims
  • Using contract language to make…or break a claim
  • Important allocation issues for reinsurance
  • Minimizing reinsurance exposure through security
  • Strategies to deal with a cedent's/reinsurer's looming insolvency
  • Working with cedents and reinsurers to reduce exposure to XPL and ECO
  • What are the best remedies for your situation?
If you handle insurance or reinsurance claims, this unique event is one you will not want to miss. Benefit from the speakers' comprehensive materials prepared specifically for this conference.

Contents & Contributors

REINSURANCE ARBITRATION IN THE UNINTED STATES: IT STILL BEATS LITIGATION
Jeanne M. Kohler, Edwards & Angell, LLP

THE SCOPE OF 9/11 LOSSES AND THE INDUSTRY'S RESPONSE
Peter R. Chaffetz, Clifford Chance
Charles J. Scibetta, Clifford Chance

THE STATUS OF 9/11 CLAIMS - "REINSURANCE ISSUES AND RECOVERIES: A LONDON PERSPECTIVE"
Simon Sloane, Holman, Fenwick & Willan

THE IMPACT OF ASBESTOS NON-PRODUCT CLAIMS ON THE REINSURANCE INDUSTRY
Lloyd Gura, Mound, Cotton, Wollan & Greengrass
Craig Kline, Carroll Burdick & McDonough

A COMPREHENSIVE GUIDE TO LIFE AND HEALTH REINSURANCE CLAIMS AND DISPUTES
Jack R. Scott, White and Williams LLP

USING REINSURANCE CONTRACT LANGUAGE TO ACHIEVE A FAVORABLE RESULT
Andrew J. Barile, CPCU, Andrew Barile Consulting Corporation

USING REINSURANCE CONTRACT LANGUAGE TO ACHIEVE A FAVORABLE RESULT: "NOTICE" REQUIREMENTS IN A CONTRACT
Robert E. Sweeney, Jr., Lord, Bissell & Brook

FOLLOW-THE-FORTUNES UPDATE - 2003
Michael T. Walsh, Boundas, Skarzynski, Walsh & Black, LLC
Jennifer A. Dowd, Boundas, Skarzynski, Walsh & Black, LLC

ADVANCED ISSUES IN ALLOCATION
Daryn E. Rush, White and Williams LLP

USING SECURITY TO ENSURE COLLECTION: REGULATORY CREDIT FOR REINSURANCE REQUIREMENTS AND PREANSWER SECURITY REQUIREMENTS
Nick Pearson, Edwards and Angell, LLP
Lewis Fickett, Edwards and Angell, LLP

STRATEGIES FOR COMMUTING REINSURANCE EXPOSURE
Andrew Rothseid, PricewaterhouseCoopers Global Restructuring Services LLP

DEALING WITH INSOLVENCIES IN THE COLLECTION OF REINSURANCE
Peter H. Bickford, Cozen O'Connor

EXCESS POLICY LIMITS AND EXTRA CONTRACTUAL OBLIGATIONS: LEGAL, CLAIMS AND UNDERWRITING PERSPECTIVES ASSESSING AND MINIMIZING EXPOSURES ANALYSIS OF CONTRACTUAL PROVISIONS
Arthur Gang, Partner Reinsurance Company of the U.S.

STRATEGIES FOR EFFECTIVE COLLECTION AND RECOVERY PRACTICES
Patricia J. Page, CNA

U.S. TERRORISM RISK INSURANCE ACT OF 2002
L. Charles Landgraf, LeBoeuf, Lam, Greene & MacRae

A ROADMAP OF REINSURANCE REMEDIES
Michael H. Goldstein, Mound, Cotton, Wollan & Greengrass

REINSURANCE ARBITRATORS SPEAK OUT!
Ronald S. Gass, The Gass Company, Inc.

SELECTED 2002 – 2003 REINSURANCE CASE NOTES
Ronald S. Gass, The Gass Company, Inc.

PROCEDURAL ISSUES FOR RESOLVING REINSURANCE DISPUTES LITIGATION V. ARBITRATION
Eric S. Kobrick, American International Group, Inc.