Auto Excess - Why We Get It Wrong!

• Presented: August 25, 2021
• Duration: 1 hour 35 minutes

DETAILS:

This prerecorded webinar will cover the following topics: Excess Auto Liability has long been one of the non-marine exposures covered by the Marine Liability insurers’ “Bumbershoot” policies (i.e. Marine Umbrella), but it has never received the level of attention with Marine underwriters that our casualty underwriters do. Discussion will include solutions and valuable insights including that Social inflation continues to plague litigation, resulting in unprecedented verdict values across the country. In addition, litigation funding is increasing in popularity and more prevalent in all types of lawsuits. As a result, the insurance industry is evolving its claims handling philosophy to better understand and manage these issues.

Presenters:
Jeff Chen, Vice President - Swiss Re
Chuck Furlong, Managing Director - Guy Carpenter
Lincoln Purdy, CPCU, AMIM, Vice President - Starr Marine