This general liability case takes place in Virginia, involving insurance companies that owe the plaintiff millions of dollars in damages and restitution. The suit was brought against the primary and excess insurer, and alleged that the primary insurer of Union Retiree Health Insurance breached the standard of care owed to the excess insurer under the Guiding Principles for Primary and Excess Insurance Companies. It was also alleged that the primary insurer breached a duty of good faith in relinquishing handling the claim to the insured clients themselves, and in failing to give the excess insurer adequate notice of potential involvement of its policy limits.
Insurance Expert Witness: Company Breaches Duty of Good Faith
Question(s) For Expert Witness
- 1.) Are you familiar with the Guiding Principles for Primary and Excess Insurance Companies?
- 2.) Have you ever been responsible for notifying a excess insurer of a claim against an insured client?
Expert Witness Response E-008036
I am very familiar with the insurance industry standards and policies involved. I am familiar with the Guiding Principles for Primary and Excess Insurance Companies. I have previously notified an excess insurer of a claim against an insured client. I have over 10 years of experience in the insurance industry in various positions including underwriting and consulting for insurance companies. I received an M.B.A. from Harvard Business School, and I previously worked at McKinsey & Co. where I focused on insurance risk and underwriting. Currently, I serve as Chief Underwriting Officer for a major international insurance provider, where I am responsible for underwriting and actuarial support.
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