Insurance Support
Drawing on their experience as in-house environmental
consultants for a major insurance firm, Dominion’s insurance support
specialists provide claims professionals with cost-effective insurance claim
support including accurate environmental damage and cost-cap policy evaluations, knowledgeable litigation and settlement support, and expert testimony.
Dominion’s insurance support specialists understand
the insurance company’s claim evaluation and insurance litigation needs and are
experienced in obtaining cost-cap insurance policies in order to alleviate
long-term indemnity concerns and assist with policy buyback settlement
negotiations.
In addition, Dominion’s staff scientists have
extensive experience in guiding large complex chemical and industrial sites
through the investigation/feasibility study, risk assessment, and remediation
phases to regulatory closure and can assist the claims professional in
determining the most cost-effective use of available funds to complete site
remediation. Dominion assists claims professionals with:
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Insurance Industry Expertise:
Dominion’s staff includes former in-house insurance environmental consultants
and insurance industry professionals with expert knowledge of the technical,
financial, and legal issues of importance to insurance firms. |
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Accurate Exposure/Allocation Assessments:
Dominion works hand-in-hand with the insurance professional and counsel to
accurately define policy exposure and allocation on primary, umbrella, and
excess policies. Throughout our experience in handling over 100 claims where
damages exceeded $1 million, Dominion has documented actual site
past-and-future estimated costs to be as low as 5 percent of presented
damages. |
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Litigation Support Track Record:
Dominion has assisted litigation teams with over 100 environmental insurance
claims valued between $1 million and $4 billion, providing forensic
evaluations related to environmental damage and natural resource damage (NRD)
claims. |
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Settlement/Mediation
Guidance: Dominion provides the information and guidance needed to
go into the settlement/mediation process with confidence that the value of the
claim and exposure to the company have been accurately determined. Dominion’s
technical presentations have resulted in several claim dismissals during
mediation conferences and savings of over $40 million on policy buyback
settlements below policy exposures. |
| Claim
Support Services |
Joint
Defense Group Support |
Vendor
Management |
| Damage
Evaluations/Reserve Setting |
Reasonable/Necessary Evaluations |
Construction Defect Investigations |
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Settlement/Mediation Support |
Defense vs. Indemnity Evaluations |
Mold/Fungi Identifications |
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Forensic Damage Evaluations |
Third-Party Review |
Litigation Support |
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Cost-of-Doing-Business Analysis |
Plant
Pathology Evaluation |
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