Insurance Expert Witness: Company Breaches Duty of Good Faith

Case Overview

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.

Questions to the Insurance expert and their responses

Are you familiar with the Guiding Principles for Primary and Excess Insurance Companies?

I am familiar with the Guiding Principles for Primary and Excess Insurance Companies.

Have you ever been responsible for notifying a excess insurer of a claim against an insured client?

I have previously notified an excess insurer of a claim against an insured client.

About the expert

This expert has over 10 years of experience in the insurance industry in various positions including underwriting and consulting for insurance companies. He received an M.B.A. from the prestigious Harvard Business School. He previously worked at McKinsey & Co. where he focused on insurance risk and underwriting. He currently serves as Chief Underwriting Officer for a major international insurance provider where he is responsible for underwriting and actuary support.

E-008036

Specialties:

Insurance