Dealing with Catastrophic Losses from the Insurer’s Perspective

(264 Ratings)

Produced on: May 02, 2017

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 60 minutes
Difficulty Intermediate

Catastrophic losses, whether sudden and without warning such as earthquakes, tsunamis and tornadoes or with some lead time, such as hurricanes, a tidal wave, or floods, create unique problems for insurers. These issues occur not only with respect to the handling of claims, but also regarding coordination with other risk insurers dealing with a labyrinth of legal issues, including coordinating adjusters, possible media considerations, and cost management and control.  

Having well thought-out claim protocols in place and being proactive can make the difference between a chaotic and haphazard response or a smooth one, making for happy insureds and insurers. This seminar, presented by Cozen O’Connor Member Christopher Kende, is intended to set forth steps that insurers can take to maximize organized and reasoned responses to a catastrophic loss and avoid bad faith claims.

Learning Objectives: 

  1. Summarize legal issues which are frequently encountered in catastrophic losses
  2. Review guidelines for proper claims handling procedures
  3. Discuss protecting privileged communications
  4. Identify recommendations for coordination with co-insurers or reinsurers who may also be on the risk
  5. Understand the importance of an early response and a proactive approach

Faculty

Christopher Kende

Cozen O'Connor P.C.

Christopher B. Kende focuses his practice on international insurance, reinsurance, aviation and marine matters.

Christopher has more than 30 years of experience in handling major complex multinational litigation in the areas of insurance, reinsurance, environmental law, aviation and admiralty and maritime disputes. His experience includes virtually every aspect of pre-trial, trial and post-trial proceedings in state and federal courts around the country.

Christopher is a former member of the Foreign and Comparative Law Committee of the New York City Bar Association and is past president of the Maritime Law Committee of the New York County Lawyers Association and the Admiralty and Maritime Law Commission of the Union Internationale des Avocats (UIA). Christopher is also past president of the Insurance Law Commission of the UIA and serves on the International Organizations, Conventions and Standards Committee of the Maritime Law Association of the United States. He is on the board of directors of the New York Chapter of the French American Chamber of Commerce.

Christopher has a combined B.A. and M.A. degree from Brown University and a J.D. from New York University School of Law. He is fluent in French.

Experience

  • Acted for native regional and village corporations in Prince William Sound in the EXXON VALDEZ oil spill actions in state and federal court in Alaska.
  • Provided reinsurance advice to the Overseas Private Investment Corporation, a federal agency, in connection with several major transactions involving political risk insurance, including assistance in the structuring of a worldwide facility offering political risk, currency conversion and expropriation cover based in Bermuda.
  • Acted for several major carriers in asbestos and hazardous waste site coverage cases.
  • Acted for several large foreign reinsurers in connection with matters ranging from advice on treaty wording to litigation and arbitration involving first party property insurance, reinsurance of complex financial products, insurance-backed film financing, catastrophic business interruption losses, cargo and hull cover and health and medical reinsurance.
  • Successfully represented the French government in the AMOCO CADIZ oil spill litigation which involved the largest shoreline pollution in history.


Reviews

PK
Paul K.

knowledgeable, experienced, hit most problem areas succinctly,

NF
Nicole F.

Impressive, very knowledgeable.

JL
James L.

Excellent

ZJ
Zachary J.

Outstanding overview!

DF
Daniel F.

Extremely well presented by an obvious expert in the insurance coverage field. Well done.

CD
Carolann D.

Best presentation!

LW
Lisa W.

Appreciate Christopher Kende making a complex subject accessible.

TA
Thaddeus A.

Well done! Thanks.

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