X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The role of the third-party claim handler is to thoroughly and objectively investigate and resolve all issues of coverage, liability, and damages. Claim handlers enjoy arguing their theories on who is legally liable or responsible, and negotiating damage settlements. But few claim handlers will place explaining a coverage position on their list of favorite tasks because they are not as familiar and comfortable with writing a coverage position letter or explaining their coverage conclusions to the insured.

To address the situation, legal counsel is often asked to draft the letter, a sometimes dangerous practice because it could make legal counsel the actual claim handler. A safer practice is to have the draft letter reviewed by counsel. With that goal in mind, it is necessary to review the technical aspects of claim handling in relation to coverage position letters in order to offer practical advice on how to avoid potentially dangerous situations.

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

INCLUDED IN A DIGITAL MEMBERSHIP:

  • 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?

PropertyCasualty360

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

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.