Irene Yesowitch and Gregory Hudson, of Cozen O'Connor's Global Insurance Department, will present a webinar titled, "Don’t Panic! Policy Limits Demand – What To Do When You Get One" on Wednesday, May 8th. This webinar will focus on and identify claims handling red flags relating to policy limit/time limit demands. The presenters will discuss insurer’s obligations to make offers in the absence of a demand as well as how to recognize policy limit/time limit demands, how to prepare for responding to settlement demands, how and when to make an offer, how to stop the setup, what to do if a demand is rejected and how to address demands where there are insufficient limits.
The presenters will discuss:
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Understanding the reasons why there are “Set–up” Demands
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How to recognize the Set-Up Demands
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How to prepare for responding to the Set-Up Demands
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How to respond to the Set-Up demands
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Dealing with multiple claimants/insufficient limits
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Dealing with multiple insureds/insufficient limits