The partnership
we have created with our clients allows us to understand your
product, its uses and specific issues surrounding possible liability
exposure.
Our relationship
with industry experts, our network of field investigators and
above all, our experience and dedication to claims management,
allows us to boast of defense efforts more effective than industry
norms.
A testament
to the expertise could be best found with the results that have
been accomplished within the SIA Insurance Company, Limited. Within
the period of time wherein litigation files have been handled
for the SIA Insurance Company, the two managers resolved a total
of 682 pieces of litigation. The resolve of these files is as
follows:
Plaintiff’s
Voluntary Dismissal of Action 187
Summary Judgements Won 56
Insured’s Defense Assumed by Others 51
Defense Verdicts 44
As noted a total of 338 litigated files have been resolved with
no indemnity payment or an approximate 50 percent. In addition
to these numbers, the statistical studies will show 50 percent
of all closed litigated files were resolved with expense payments
of less than $20,000.
Over the
years the SIA Insurance Company, Limited has kept detailed statistics
of its claim program. It is felt that these figures reflect the
concept of proper claim handling can be successful with the correct
administrators.
One final
note on this aspect is that of the litigated cases taken to verdict
(54) 44 have been successful with that being an approximate rate
of 72 percent.
When
your company is faced with the uncertainty of a high exposure
product liability claim, turn to IMI. . . . the claims management
company that gets results!
