{"id":697,"date":"2015-09-07T13:40:27","date_gmt":"2015-09-07T20:40:27","guid":{"rendered":"https:\/\/marchelassociates.com\/?page_id=697"},"modified":"2020-05-19T16:30:30","modified_gmt":"2020-05-19T23:30:30","slug":"insurance-industry","status":"publish","type":"page","link":"https:\/\/marchelassociates.com\/risk-consulting\/insurance-industry\/","title":{"rendered":"Success Stories"},"content":{"rendered":"\n\n\n<!-- Custom Post Type (CPT) Archive Post Nav. -9-8-15 -->\n\n<div id=\"wpv-view-layout-918\" class=\"js-wpv-view-layout js-wpv-layout-responsive js-wpv-view-layout-918\" data-viewnumber=\"918\" data-pagination=\"{&quot;id&quot;:&quot;918&quot;,&quot;query&quot;:&quot;normal&quot;,&quot;type&quot;:&quot;disabled&quot;,&quot;effect&quot;:&quot;fade&quot;,&quot;duration&quot;:500,&quot;speed&quot;:5,&quot;pause_on_hover&quot;:&quot;disabled&quot;,&quot;stop_rollover&quot;:&quot;false&quot;,&quot;cache_pages&quot;:&quot;enabled&quot;,&quot;preload_images&quot;:&quot;enabled&quot;,&quot;preload_pages&quot;:&quot;enabled&quot;,&quot;preload_reach&quot;:1,&quot;spinner&quot;:&quot;builtin&quot;,&quot;spinner_image&quot;:&quot;https:\/\/marchelassociates.com\/wp-content\/plugins\/wp-views\/res\/img\/ajax-loader.gif&quot;,&quot;callback_next&quot;:&quot;&quot;,&quot;manage_history&quot;:&quot;enabled&quot;,&quot;has_controls_in_form&quot;:&quot;disabled&quot;,&quot;infinite_tolerance&quot;:&quot;0&quot;,&quot;max_pages&quot;:0,&quot;page&quot;:1,&quot;base_permalink&quot;:&quot;\/wp-json\/wp\/v2\/pages\/697?wpv_view_count=918&amp;wpv_paged=WPV_PAGE_NUM&quot;,&quot;loop&quot;:{&quot;type&quot;:&quot;&quot;,&quot;name&quot;:&quot;&quot;,&quot;data&quot;:[],&quot;id&quot;:0}}\" data-permalink=\"\/wp-json\/wp\/v2\/pages\/697?wpv_view_count=918\">\n\n\t\n\t\n\t\n          <ul> \n            <li class=\"larger\"> <a href=\"#employment-practices-liability-claims\" rel=\"m_PageScroll2id\" title=\"Read about the Hi-Profile Employment Claim \u2013 Employment Practices Liability Claims Advocacy\">Hi-Profile Employment Claim \u2013 Employment Practices Liability Claims Advocacy<\/a><\/li>\n       <\/ul>\n\t\n          <ul> \n            <li class=\"larger\"> <a href=\"#crime-bond-claims\" rel=\"m_PageScroll2id\" title=\"Read about the Crime Bond Claims Advocacy\">Crime Bond Claims Advocacy<\/a><\/li>\n       <\/ul>\n\t\n          <ul> \n            <li class=\"larger\"> <a href=\"#financial-institutions-coverage\" rel=\"m_PageScroll2id\" title=\"Read about the Financial Institutions Coverage Enhancement\">Financial Institutions Coverage Enhancement<\/a><\/li>\n       <\/ul>\n\t\n          <ul> \n            <li class=\"larger\"> <a href=\"#international-claims-advocacy\" rel=\"m_PageScroll2id\" title=\"Read about the Fortune 500 Company \u2013 International Claims Advocacy\">Fortune 500 Company \u2013 International Claims Advocacy<\/a><\/li>\n       <\/ul>\n\t\n          <ul> \n            <li class=\"larger\"> <a href=\"#insurance-brokerage-firm\" rel=\"m_PageScroll2id\" title=\"Read about the Top 10 Insurance Brokerage Firm &#8211; International Program Creation\">Top 10 Insurance Brokerage Firm &#8211; International Program Creation<\/a><\/li>\n       <\/ul>\n\t\n\t\n\t\n\t\n<\/div>\n\n\n\n\n<div id=\"wpv-view-layout-915\" class=\"js-wpv-view-layout js-wpv-layout-responsive js-wpv-view-layout-915\" data-viewnumber=\"915\" data-pagination=\"{&quot;id&quot;:&quot;915&quot;,&quot;query&quot;:&quot;normal&quot;,&quot;type&quot;:&quot;disabled&quot;,&quot;effect&quot;:&quot;fade&quot;,&quot;duration&quot;:500,&quot;speed&quot;:5,&quot;pause_on_hover&quot;:&quot;disabled&quot;,&quot;stop_rollover&quot;:&quot;false&quot;,&quot;cache_pages&quot;:&quot;enabled&quot;,&quot;preload_images&quot;:&quot;enabled&quot;,&quot;preload_pages&quot;:&quot;enabled&quot;,&quot;preload_reach&quot;:1,&quot;spinner&quot;:&quot;builtin&quot;,&quot;spinner_image&quot;:&quot;https:\/\/marchelassociates.com\/wp-content\/plugins\/wp-views\/res\/img\/ajax-loader.gif&quot;,&quot;callback_next&quot;:&quot;&quot;,&quot;manage_history&quot;:&quot;enabled&quot;,&quot;has_controls_in_form&quot;:&quot;disabled&quot;,&quot;infinite_tolerance&quot;:&quot;0&quot;,&quot;max_pages&quot;:0,&quot;page&quot;:1,&quot;base_permalink&quot;:&quot;\/wp-json\/wp\/v2\/pages\/697?wpv_view_count=915&amp;wpv_paged=WPV_PAGE_NUM&quot;,&quot;loop&quot;:{&quot;type&quot;:&quot;&quot;,&quot;name&quot;:&quot;&quot;,&quot;data&quot;:[],&quot;id&quot;:0}}\" data-permalink=\"\/wp-json\/wp\/v2\/pages\/697?wpv_view_count=915\">\n\n\t\n\t\n\t\t\n          <div id=\"insurance-brokerage-firm\"><\/div>\n          <div class=\"trusty-line\"><\/div>\n          <div class=\"box\">\n            <h2>Top 10 Insurance Brokerage Firm &#8211; International Program Creation<\/h2>\n         \t<p>A growing number of Canadian companies are obtaining capital from both the Canadian and United States markets. Historically, more litigation occurs in the United States than in Canada. As a result, we noticed that coverage terms and conditions were available in the United States before they appeared in the Canadian Directors and Officers policy. Peter was approached by a Canadian-based retailer to see if he could assist in the negotiation and placement of directors and officers insurance by Canadian-based companies with exposure to both Canadian and United States investors. Many in the industry thought it was impossible to have such a cross-border relationship. Peter worked with the regulatory authorities and received their approval to do business in Canada, based on his model. Based on his model, Peter worked with the regulatory authorities and received their approval to do business in Canada.<\/p>\n            <p><span class=\"mas-green\">Result:<\/span> Over 150 public D&O policies placed with broader and more inclusive policy language provided to Canadian companies. Where applicable, broader Canadian language was provided to United States based companies.<\/p>\n            <p><span class=\"mas-green\">What this means to you:<\/span> Peter does not take \u201cno\u201d for an answer. After being told it was impossible to form such a cross-border relationship, he reviewed the rules and regulations involving insurance, tax and finance and developed a very successful business. He looks at and evaluates rules and regulations and finds opportunities that others miss.<\/p>\n        <\/div>\n\t\t\n          <div id=\"international-claims-advocacy\"><\/div>\n          <div class=\"trusty-line\"><\/div>\n          <div class=\"box\">\n            <h2>Fortune 500 Company \u2013 International Claims Advocacy<\/h2>\n         \t<p>A Fortune 500 Company had its entire insurance coverage with Lloyd\u2019s. After reporting a small claim, the lead syndicate directed outside counsel to rescind coverage and file a declaratory action in favor of rescission. Peter was called in to assist the client and resolve the issue with Lloyd\u2019s. After contacting Lloyd\u2019s outside counsel and not being able to resolve the issue. Peter arranged a meeting with the lead syndicate as well as all the other syndicates on the line slip. As a trial attorney with experience defending \u201cBad Faith\u201d claims, he was able to share additional insight with the underwriters that they may or may not have been getting from their outside counsel.<\/p>\n            <p><span class=\"mas-green\">Result:<\/span> Policy reinstated and claim paid.<\/p>\n            <p><span class=\"mas-green\">What this means to you:<\/span> Because of his many years as both a trial attorney and in-house counsel, Peter can recognize a weak argument when he hears it. He is comfortable fighting for clients and putting forth arguments that get results for clients.<\/p>\n        <\/div>\n\t\t\n          <div id=\"financial-institutions-coverage\"><\/div>\n          <div class=\"trusty-line\"><\/div>\n          <div class=\"box\">\n            <h2>Financial Institutions Coverage Enhancement<\/h2>\n         \t<p>Financial Institutions purchase limits for specific coverage areas. As the prices for these coverage\u2019s continued to compress in the mid 2000\u2019s, Peter looked at how broader coverage could be obtained by creating a layer of excess coverage that would drop down over the primary coverage areas. Peter was able to show underwriters the benefit of providing the additional coverage against the revenue generated and the losses paid out.<\/p>\n            <p><span class=\"mas-green\">Result:<\/span> Several insurance companies began writing excess liability coverage, which would drop down over traditionally separate lines of professional liability coverage, thereby providing greater overall coverage at less cost.<\/p>\n            <p><span class=\"mas-green\">What this means to you:<\/span> Peter, tracks litigation and litigation trends in Management and Professional Liability claims and applies these trends to your company and your risk.<\/p>\n        <\/div>\n\t\t\n          <div id=\"crime-bond-claims\"><\/div>\n          <div class=\"trusty-line\"><\/div>\n          <div class=\"box\">\n            <h2>Crime Bond Claims Advocacy<\/h2>\n         \t<p>A large regional bank suffered a multi-million dollar loss under its bond claim. The initial position of the carrier was to deny the claim, and the claim lingered for several years with little movement by the insurance carrier. Peter offered to assist the bank with the claim. He met with the risk manager of the bank, bringing in underwriters and speaking with management at the carrier.<\/p>\n            <p><span class=\"mas-green\">Result:<\/span> Loss was paid shortly after Peter became involved.<\/p>\n            <p><span class=\"mas-green\">What this means to you:<\/span> Peter can evaluate a claim and find pressure points to help bring the claim to resolution. Only education and experience can provide you with this type of advocacy.<\/p>\n        <\/div>\n\t\t\n          <div id=\"employment-practices-liability-claims\"><\/div>\n          <div class=\"trusty-line\"><\/div>\n          <div class=\"box\">\n            <h2>Hi-Profile Employment Claim \u2013 Employment Practices Liability Claims Advocacy<\/h2>\n         \t<p>\u201c60 Minutes\u201d aired an employment dispute involving a high profile individual and a well-respected college. The claim was reported to two insurance carriers; both initially declined. Peter had several face-to-face meetings with the insurance carriers and the insured in order to determine the best way to defend the lawsuit, as well as how to respond to \u201c60 Minutes.\u201d Peter, put forth a strong argument for one carrier to take an assignment of rights against the other carrier and begin defense of the claim. Given the nature of the dispute, Peter worked closely with General Counsel and the insurance company during the defense of the claim to assist the insured until the case resolved. Upon resolution of the claim with the plaintiff, Peter worked with the insured to make sure the insurer paid for the defense of the claim.<\/p>\n            <p><span class=\"mas-green\">Result:<\/span> Insured received full coverage for the claim; a multi-million dollar settlement was reached.<\/p>\n            <p><span class=\"mas-green\">What this means to you:<\/span> Peter, is highly effective in working with insurance companies and managing litigation. He can work with both inside and outside counsel to assist in presenting the best arguments to the insurer.<\/p>\n        <\/div>\n\t\t\n\t\n\t\n\t\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":8,"featured_media":978,"parent":699,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u00a0Insurance Industry Success Stories |\u00a0Marchel &amp; Associates Risk Consulting<\/title>\n<meta name=\"description\" content=\"We deliver proactive solutions to our insurance industry clients&#039; problems. \u00a0Read our success stories about risk consulting in the insurance market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marchelassociates.com\/risk-consulting\/insurance-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u00a0Insurance Industry Success Stories |\u00a0Marchel &amp; 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