SUBROGATION POTENTIAL – RECOGNIZE AND CAPITALIZE

SUBROGATION POTENTIAL – RECOGNIZE AND CAPITALIZE
Steve Winning
Initial Activities
Understand LossIdentify PartiesLine Up TeamBalance Relative Interests
Understand Loss
Who is insured?What happened?
Identify Parties
Responsible PartyRecent WorkPotential Subrogation TargetsPublic AuthoritiesWitnesses
Line Up Team
Claims HandlerAdjusterAttorneysExpertsConsultants
Balance Relative Interests
Identify cause vs. Proceed with repairs
Post Notice Activities
Work with TeamCoordinate with PartiesCoverage IssuesAddress Contractual Bars to Recovery
Work with Team
ReportingMutual Agreement/Understanding
Coordinate with Parties
InspectionDocument ExchangePre-Litigation Resolution
Coverage Issues
Role of Coverage CounselAvoid conflict with insured
Address Contractual Bars to Recovery
WaiversAdditional Insured StatusContractual Language
Handling your subrogation claim – Litigation
EvidenceExperts/ConsultantsCost/Benefit AnalysisFinal Resolution