The Insurance Appraisal Process: Strategies for Resolving First-Party Claims Effectively and Decisively

A live 90-minute CLE video webinar with interactive Q&A


Tuesday, August 24, 2021

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, July 30, 2021

or call 1-800-926-7926

This CLE webinar will guide counsel through the facially simple appraisal option for settling disputes between the policyholder and insurer over the value of a loss. Each party hires an appraiser to value the loss, and the appraisers pick an "umpire" to decide the issue if the appraisers disagree.

Description

Counsel must not fall into the trap of thinking that the appraisal is always as simple and inexpensive as it seems. An appraisal is beneficial when approached carefully and thoughtfully with a full understanding of potential legal issues that should be addressed.

What is to be appraised is often hotly contested. The value of the loss depends on what is covered by the policy, and coverage may turn on causation. The parties may dispute whether an appraiser may determine causation or what the terms of the policy mean. Selecting a competent and qualified umpire is essential, but those standards are not defined in the policy. Policyholders may have to sue the insurer to get paid, and payment of the appraised amount does not always extinguish claims for bad faith or extracontractual liability.

In complex cases, counsel must anticipate and adequately describe how to resolve issues, such as coverage, sub-limits, division of insurable interest, etc. Counsel must know when separate appraisals are necessary and what types of experts may be required for a given loss.

Listen as this experienced panel provides the insight and strategies for making appraisal productive and efficient and avoiding confusion, unnecessary disputes, and post-appraisal litigation.

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Outline

  1. Demanding an appraisal: how and when (and when not)
  2. Choosing an appraiser and documenting the agreement to appraise
  3. Selecting an umpire
  4. Defining the scope of the appraisal
  5. Reporting the appraisal
  6. Enforcing or challenging the appraisal

Benefits

The panel will review these and other issues:

  • Is appraisal ever available in third-party disputes?
  • Are appraisals final? Binding?
  • What is a "competent" umpire?
  • Does payment of the appraisal amount extinguish extracontractual claims?
  • Do appraisers decide coverage disputes or the meaning of policies?
  • What is the scope of an appraisal?
  • What is an "independent" or "disinterested" appraiser?

Faculty

Edwards, Charles
Charles P. Edwards

Partner
Barnes & Thornburg

Mr. Edwards is a seasoned trial lawyer and insurance claim advocate who is co-chair of the firm’s Insurance...  |  Read More

Held, Jonathan
Jonathon C. Held

President and CEO
J.S. Held

Mr. Held has consulted on many of the largest and most complex catastrophic insurance claims in history, including the...  |  Read More

Norton, Robert
Robert J. Norton, CPCU, AIC, ARe

President
General Adjusting Services

Mr. Norton is a court appointed umpire in multiple jurisdictions and state and federal courts. He is experienced with...  |  Read More

Attend on August 24

Early Discount (through 07/30/21)

Cannot Attend August 24?

Early Discount (through 07/30/21)

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include program handouts.

To find out which recorded format will provide the best CLE option, select your state:

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