written by Kathleen Smith CSRP for PULSE magazine The role of a Subrogation Specialist is to identify claims in which a third-party is responsible for a loss sustained by an insured and then pursue the recovery of claims payments through identification of and communication with the responsible third-party or their insurance carrier. To be successful […]
Gain the Competitive Edge by Strengthening Your WC Subrogation Results By Kathleen Smith CSRP & Donna Geraghty The degree of difficulty for many Workers’ Compensation claims adjusters to focus on the subrogation aspects of the claims assigned to them is rather high. Subrogation recognition and Third-Party recovery are definitely areas often missed by over-burdened Workers’ […]
Kathleen Smith, Managing Director and Donna Geraghty, VP Sales & Client Services for Spartan Recoveries discuss “What’s Missing From Your Subrogations Program?” on Claims Journal’s podcast. Powered by InsuranceJournal.tv
An interesting read on how recent rulings have made it easier for insurers to subrogate damages for defective products sold on Amazon by third party sellers. https://www.propertycasualty360.com/2019/10/28/how-amazon-disrupted-product-liability/?kw.
Pursuing subrogation against an uninsured party can be a daunting task, even for the most experienced Recovery Specialist. Challenges are quite different than pursuing recovery from an adverse carrier where the person negotiating the claim has insurance, liability, and investigative experience and understands subrogation. On claims with adverse carriers if an impasse is reached due […]
Each year hundreds of thousands of Property subrogation dollars are left on the table as not every insurance carrier has the workforce in place to pursue recovery on-low dollar Property claims for a variety of reasons. Many subrogation law firms and subrogation vendors also have little or no interest in pursuing these claims, as the […]
As a new year approaches it has become customary to make a promise to perform acts of self-improvement to achieve a personal or professional goal. It’s a time to reflect on the past years’ accomplishments, create new goals and make an effort to improve in the upcoming year. For everyone involved in the subrogation process […]
The Challenge: Client insured HO Rental policy pertained to her renting an apartment in son’s home. A fire ensued which unfortunately was caused by the son improperly discarding incense. The apartment was a total loss and client paid out the maximum contents’ limits of policy (Renters) of $15,000 and Loss of Use ($3,000), $18,000 to […]
The Challenge: Spartan was assigned to recover damages to cargo while in transit ; damages totaled $12,975.22. Client purchased wood from a supplier who then contracted out to a vendor who then hired a trucker to ship the product from Arkansas to Iowa; a one-day ship. The Bill of Lading stated the “Product must be […]
The Challenge: The claimant was injured in a motor vehicle accident while working in the State of CT. The claimant sustained extensive injuries and underwent multiple surgeries. The gross lien Spartan was pursuing against the third-party action was $39, 398.77. The carrier for the tortfeasor tendered their policy of $100,000. The Outcome: The claimant’s attorney […]