Financial Institution
Claim Consultants
We guide and assist financial institutions in evaluating, documenting, presenting and resolving financial institution insurance claims.
Over 30 Years of Experience
Jay Fenton has over 30 years of experience analyzing financial transactions and financial institutions. During this period he has spent a great deal of time analyzing and writing coverage opinions on insurance policies that are unique to financial institutions. Because of this experience he is uniquely qualified to advise financial institutions on whether a loss they have experienced may be covered under one or more of the institution's insurance policies. He has advised on or directly handled the resolution of virtually thousands of financial institution claims and litigation over the past 30+ years.
We focus on insurance claims involving:
Financial Institution Bonds,
Directors and Officers Liability Policies,
Private Equity Insurance,
and Crime Insurance
We provide expert guidance and support to financial institutions across the United States and throughout the entire claim process.
Our goal is to assist Insureds in determining whether an insurance claim is economically viable and if so, we assist Insureds in all aspects of maximizing a successful and efficient claim resolution with an Insured’s insurance carrier(s).
Our depth of experience in the distinct and separate fields of banking and insurance makes us uniquely qualified to bridge the communication gap that often contributes to disputes and/or litigation between financial institutions and their insurance carrier(s).
Services
We review the insurance policy(s) at issue. We do this to fully understand scope, intent and terms of insurance coverage purchased by the Insured.
We assist the Insured in understanding the scope, terms, conditions and limitations of insurance coverage.
We review claim-related documentation that may have been submitted by an Insured to their insurer(s).
We assist in gathering documents and information.
We work with Insureds to identify and gather documents supportive of the Insured’s claim.
We work with Insureds to develop an effective claim resolution strategy.
We negotiate directly with insurers during the claim process.
We are particularly adept at reviewing insurance claims that have been declined. Our experience is that many declinations begin with an Insured’s focus on an incorrect insuring agreement and/or policy endorsement. This mistaken focus often leads an Insured to document its claim under the wrong insuring agreement which in turn results in a declination of insurance coverage. Our experience is that insurance carriers most often will not assist an Insured in investigating facts and/or circumstances that may may invoke coverage. Our experience is also that if an Insured does not identify the correct insuring agreement an insurance carrier will likely not consider alternative insuring agreements and/or endorsements that may provide coverage. All of this is at the core of services we provide.
Fees
We offer an initial consultation free of charge.
We offer an hourly rate, contingent fee structure or blended fee structure.
Because each engagement is unique we do not have a set fee structure that applies to every engagement.