Subrogation is a major source of revenue for insurance companies. By utilizing the expertise of subrogation counsel in the earliest stage, insurers can promptly and efficiently adjust claims and maximize recoveries.
Successful subrogation begins immediately after a loss, with prompt coordination between counsel and claims representatives, adjusters, insureds and recovery specialists. Counsel then can ensure evidence is preserved, coverage is properly examined and that attorney-client privileges, as well as the interests of the insured, are protected. Oftentimes potential claims are negated by innocent yet fatal mistakes which could be avoided with the assistance of counsel. Damaging statements and admissions, as well as “spoliation”, are just two examples. More seriously, claims can arise against the insurer or potential recoveries can be negated altogether if appropriate steps are not taken.
We assist insurers and self-insured companies in recovering monies in the following areas:
Fire, Explosion, and other Major Property Loss Subrogation
Insurance Companies retain us to recover monies they have paid to policyholders as a result of commercial and residential property fires and other catastrophic property damage. We retain a variety of experts to identify and rule out potentially responsible parties and have made significant recoveries on behalf of property owners, property occupants, lessors, lessees, and their insurers for fires and property damage arising from arson, candles, careless smoking, clothes dryers, electrical appliances, failure of fire suppression equipment, hair dryers, improper storage of hazardous or flammable substances, portable heaters and many other products.
Product Failure and Product Liability Subrogation
Our product liability cases brought on behalf of consumers and insurance companies we represent have involved baby walkers, cigarette and barbecue lighters, cribs, faulty wiring, fireplaces, garbage disposals, halogen lights, sporting equipment, toys, and many other commercial and residential equipment and appliances.
Workers’ Compensation Subrogation
We assist our insurance clients in recovering monies paid to claimants or workers as a result of the negligence or other tortious conduct of third parties. These cases include product liability actions against manufacturers and suppliers of faulty products and equipment, construction site accidents, motor vehicle accidents, premises liability and other claims.