Insurance Support
Drawing on their experience as in-house environmental con sultants for a major insurance firm, Dominion’s insurance support specialists provide claims professionals with cost-effective in surance 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:
Environmental Claim Support:
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Evaluation of Damages for Large Claim Exposures:
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Cost-Cap Policy Support (Stop Loss):
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The Dominion Advantage
Dominion offers a four-fold advantage to resolving environmental insurance claims:
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.
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.
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.
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.
Dominion Provides Insurance Support For Cases Involving:
Dry Cleaners, Chemical Manufacturers, Landfills, Paper Manufacturers, Aircraft Manufacturers, Underground Storage Tanks, Petroleum Refineries, Wood Treatment Facilities, Electronic Manufacturers, Manufactured Gas Sites, Pesticide Manufacturers, Manufacturing Facilities, Metal Plating Facilities, and Mining Companies.