CHART News

Wilson Elser CEO Dan McMahon Discusses Lloyds of London and CHART Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Specific Business Services from Wilson Elser

Wilson Elser is recognized as one of the nation’s most influential law firms, with nearly 800 attorneys and 29 strategically located offices in the United States and one office in London. Their experience as litigation specialists, insurance claims administrators and adjudicators – especially for London-placed business – makes them ideal strategic partners for the CHART Exchange. In 2015, Wilson Elser announced their intention to be a key strategic partner of the CHART Exchange. They will actively participate in all CHART-sponsored events and will maintain a presence on the Advisory Board.

The partnership between Wilson Elser and CHART will provide significant benefits to the membership as well. Some of the legal and non-legal services available through the firm include:

1 Insurance Regulatory & Compliance. The firm’s Insurance Regulatory & Compliance practice group encompasses all segments of the insurance industry globally. With more than three decades of related experience, their attorneys are well acquainted with the myriad regulations that govern the insurance industry and the policies and politics behind them. Their attorneys offer comprehensive, purposeful and timely legal counsel to insureds, brokers and agents; reinsurance intermediaries; surplus line brokers; managing general agents; and insurers and reinsurers. Wilson Elser draws on the experience and nationwide resources of the entire firm and is in frequent contact with key state and federal insurance regulators.

2 Insurance & Reinsurance Defense. Very little in today’s “flat,” hyper-connected world moves without some form of insurance. From its starting point as a simple concept hatched at Lloyd’s Coffee House in the 1690s in London to now being one of the most critical industries on the planet, today’s defense of insurers and their insureds is not a simple matter. For nearly 35 years Wilson Elser has been closely aligned with the insurance industry, influencing the way it does business, from the clarity of the language in its policies to the types of products it offers and even assisting in its expansion to new business sectors. Wilson Elser steadfastly remains in the business of helping public and private-sector clients identify and prevent exposures and, if they occur, capably managing reaction and recovery.

3 Program Claims Management. For those who compete in the complex professional liability marketplace, having the right program management partner can be a key advantage. Yet many potential partners fall short of providing comprehensive services. Wilson Elser offers one of the industry’s most comprehensive program management services, with combined experience, depth and resources that cannot easily be matched. Program Management is a dedicated practice area within the firm comprised of licensed attorneys who evaluate and investigate claims, offer opinions on coverage, issue coverage positions, retain and manage counsel for insureds, budget and manage litigation expenses, and make reserve recommendations. Their accomplished negotiating skills, claims litigation management proficiency, and legal spend management skills provide leverage and enhance the cost-effective resolution of claims.

4 Wilson Elser Consulting. Operating as a subsidiary consultancy of Wilson Elser, this group aims to be the world’s most compelling choice for boutique insurance business services and global management solutions. Wilson Elser Consulting, Ltd. offers unique experience and advisory/professional services to insurance markets, carriers, and other organizations involved in the application of legal operations and legal spend management; enterprise legal, governance, risk, and compliance management; insurance operations and systems; claims litigation management; and third-party vendor/expert management by guiding clients to champion change and create bespoke value through process, technology, and analytics. Their consultants draw on Wilson Elser’s reputation as one of the world’s preeminent insurance defense law firms and unrivalled knowledge of insurance industry standards, best practices, and management models.

5 The CHART Defender E&O. Wilson Elser and the CHART Exchange have teamed up to design an Errors & Omissions product specifically for insurance agents who place business with London markets. The true litmus test for any E&O product is how well it defends the policyholder in the event of a loss. Wilson Elser will serve as the claims administrator for this program; they will provide an advocacy defense for all insureds. More importantly, they will be available to discuss issues and situations before they become claims.

Insurance-specific business services include, but are not limited to:

• Strategic & Operational Consulting
• Rates Benchmarking
• Software Applications
• Legal Spend/Assessment Analysis
• Legal Invoice Review
• Document Management
• Managed Services for e-Discovery
• Legal Analytics