Specialty Global delivers tailored claim management services coupled with an emphasis on the importance of communication during all phases of claim development.
Specialty Global’s claims management focuses on:
- Control and reduction of ALAE
- Identification of and capitalizing on optimal resolution opportunities
- Early recognition of ultimate loss via timely and accurate reserving
- Establishment of metrics via capture of meaningful claims data
ALAE Management
- Careful selection and aggressive management of panel counsel
- Control of hourly rates charged by counsel
- Monitoring and management of case staffing by defense firms
- Stringent audit of defense firms’ legal invoices
Achieving Most Efficient Resolution
- Established procedures to ensure each claim examiner evaluates relevant information and actively seeks resolution opportunities early on and on a periodic basis regularly thereafter
Accurate and Timely Reserving
- Established procedures to ensure each claim examiner calculates reserves via a formula that considers estimated probabilities of optional outcomes, realistic estimate of costs to litigate, and coverage issues as appropriate
Meaningful Data Capture
- Coding of each claim at critical phases to establish metrics and identify trends for use in improving risk selection and the claims management process
Questions about claim services for a fee can be forwarded to: gsayers@specialtyglobal.com or call Gretchen Sayers at 913-564-0872
|