Case Study
Dispute relating to a multi-year retrospective rated program (CGL/Auto/WC). Issues involved errors in the carrier’s claim handling and subrogation efforts that affected client’s experience rating. A 6 month project involved researching multiple policy periods, documenting errors, estimated increased insurance costs attributable to inflated loss ratios, presentation, and negotiation with the carrier.
Value
Negotiated a 52% reduction of the Retrospective Premium Liability. Differences between the client and former carrier were resolved enabling the parties to re-establish a business relationship.
Testimonials
“The Scheider Team saved our company hundreds of thousands of dollars in dispute with a former insurance carrier regarding a multi-policy period retroactive rated program. He did this by going to our defense in challenging the reserves and carrier’s lack of subrogation efforts on closed claims. The Scheider Team then represented our company in negotiating the resolution of the dispute in a professional manner which enabled our company to re-establish a business relationship with that insurance carrier.”
Gabe’s Construction - Jim Hermann, Retired CEO
Client since 1992
