Property Subrogation & Recovery
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Overview
Cozen O’Connor’s subrogation and recovery attorneys handle more substantial property damage and other first-party subrogation claims than any other law firm in the United States, operating from our offices situated strategically in major population centers across the country, as well as internationally in London and Toronto. These claims typically arise from casualties such as fires, explosions, structural collapses, boiler, machinery and equipment failures, gas and water leaks, and a variety of nature-induced losses such as windstorms, earthquakes, floods, and hurricanes. We provide the necessary knowledge, experience and coordination with your claims personnel and forensic experts to ensure that the claim is “quarterbacked” the right way from the outset, which will significantly increase your recovery ratios.
From high profile property cases such as the One Meridian Plaza fire in Philadelphia, the Los Alamos “controlled burn” fire in New Mexico, and the World Trade Center claims against sponsors of terrorism responsible for the September 11, 2001 attack, to more conventional losses resulting from pipe freeze-ups, appliance fires, roof failures and other casualties, our highly trained and superbly skilled lawyers have been successful in recovering in excess of $200 million per year on behalf of our national and international clientele.
All assignments are acknowledged immediately by e-mail to all pertinent property and recovery claims personnel, and thereafter all significant developments are reported by the handling attorneys through thorough and frequent electronic reporting. In addition, we provide comprehensive electronic reports identifying all files assigned on a monthly basis. On a quarterly basis, we provide you with comprehensive electronic spreadsheets identifying all pending claims, including projected recovery amounts and dates, and a closing report for the previous quarter, as well as year-to-date, reflecting all recoveries on a gross and net basis.
Cozen O’Connor’s Subrogation & Recovery Department has numerous electronic databases which we regularly update. This includes our expert database with more than 9,000 listed consultants, enabling us to identify forensic specialists in fire investigation, engineering and other important specialized scientific disciplines. We have a comprehensive products liability database which we utilize to marshal evidence pertaining to product recalls or multi-product failures. Our website contains our electronic subrogation library, with 18 jurisdiction comparative charts, providing summaries of critical statutes and decisional law in all 50 states, plus the District of Columbia, on a variety of subject matters of interest to property and recovery adjusters, in addition to over 250 articles and papers authored by our firm’s subrogation attorneys, providing an encyclopedic array of reference materials spanning the subrogation universe.
Whether the claim arises from a commercial policy, a personal lines loss, or a self-insured retention, Cozen O’Connor is strategically positioned to assist you in pursuing, protecting and perfecting your subrogation and recovery rights arising from property and other first-party claims, and thereby increase your recoveries while simultaneously reducing your expenses.