Insurance 101 for Young Lawyers

There is no specific insurance curriculum taught in law schools, yet many 1st, 2nd and 3rd year Associates are defending insurance professionals. Many young associates may not understand the difference or significance between an Admitted Insurer vs a Non-admitted Insurer, nor the daily operations of an insurance company, broker, MGA/MGU’s, or claim departments. This is something often learned solely by osmosis.

This webinar will help young associates to gain an immediate appreciation of what goes on, and why, in the world of insurance. Join our panel of insurance industry experts to learn how the industry functions.

Our panelists will dive into:

• The many Claim Department organizational models;
• What product distribution models are used and how they affect the Claims process, including a review of the positives and negatives of each;
• Reserve setting and the ramifications of diminishing limits policies and communication with Re-Insurers;
• Important terms, such as Expense to Loss ratios, Loss Runs, and Claim Audits and what they mean to your case; and,
• The insurer's goal to effectively close a file.
  

Featured Speakers

	Louie H. Castoria is a Partner with Kaufman Dolowich Voluck LLP where he represents and defends financial and professional services clients, including accountants, lawyers, insurance and real estate agents and brokers, and businesses covered under “miscellaneous” professional liability policies, in venues throughout California and in the Financial Industry Regulatory Authority (FINRA). Mr. Castoria’s practice includes securities and class action defense in industries ranging from products to online businesses. He also represents insurance companies as coverage, monitoring, regulatory and litigating counsel; performs claims audits; and writes insurance policies.
	Frederick Fisher, J.D., CCP is President of Fisher Consulting Group, Inc. in El Segunda, CA. He is Vice Chair of the PLDF Insurance Agent/Broker Claims Committee; Member of the Editorial Board for Agents of America; a Faculty Member of the Claims College, School of Professional Lines; a founding member and past president of PLUS; and, a prolific author. He has taught or presented over 100 CE classes and lectures concerning Specialty Lines Insurance Issues and coverage. He is an A.M. Best’s recommended expert, and has been testifying as an Expert witness for over 30 years.
	Scott A. Neckers is an experienced trial attorney and civil litigator at Overturf, McGath & Hull P.C. in Denver, CO. He concentrates his practice on the defense of professional liability, medical malpractice, and insurance claims in Colorado and the Rocky Mountain region. Scott has extensive experienced defending physicians, dentists, attorneys, architects, insurance agents, real estate brokers, engineers and their businesses in malpractice, personal injury, and insurance litigation, as well as in front of State licensing boards. He serves as the chair of the PLDF Young Professionals Committee.

Continuing Legal Education

Continuing Legal Education credit is not offered for this program. Should you need credit, we will be happy to supply you with course materials and a record of attendance to allow you to self-report your credit.

Mission Level Sponsor

Our sincere thanks to our mission level sponsor, Minnesota Lawyers Mutual Insurance Company. We are very thankful for their continued support of and involvement in the association.