Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Third-Party Deductible Recoveries Add Up To Millions For Insurers

Recoveries not simply a claims issue, but a means of revitalizing underwriting disciplineAt $500 a pop on average, a claim adjuster’s failure to collect a third-party deductible seems insignificant. But across an entire claims portfolio, the lost dollars can total in the millions, according to executives of a recovery firm.

Industrywide, roughly $500 million went uncollected last year, according to Michael O’Loughlin, president of Paragon Asset Recovery Services, a Pittsburgh, Pa.-based unit of reinsurance intermediary Benfield, putting a rough figure on dollars missed when insurers fail to collect deductibles on commercial liability policies.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.