Modives’ Post

Actual CE Question: "During an Adjuster's initial interview with a Policyholder, the insured suggests that they probably ought to consult a public adjuster. The carrier adjuster does as they have been trained and successfully talks the Policyholder out of that idea. The Adjuster later negotiates a settlement amount that the adjuster knows would have been much higher if a public adjuster had been involved. The adjuster's behavior in this case is:" A. a best practice in claims handling. B. a good example of win-win claims negotiations. C. in the claimant's best interests. D. unethical.

Clients regularly spend more than they should to litigate small cases, and often it's partly the lawyer's fault. You can help fix this though... Save yourself headache and save your clients money by explaining to them how helpful it is to get things in a well-organized manner. Most clients don't give much thought to this up front, and so sometimes you may just end up with a plastic shopping bag of muddled documents on your desk. Well, to make heads or tails of that bag someone has to go through it. Whether it's the client going through it at home and organizing it, or a junior doing it at $200+/h, or yourself at a higher rate still - someone WILL have do it. I've had some clients spend more on smaller files - eating into their own recovery - to have me organize their documents than some on bigger files. Some people are willing to spend. But, honestly, most people just don't give it much thought, and most people are appreciative of the information. After all, it's easier for them since they actually lived the facts. So, again, give your clients a better experience by asking them to organize things for you. Even if they choose not to, at least they will have had the option and given it some thought. And trust me, the vast majority of people would rather keep $2,000+ in their pocket instead of paying someone to literally shuffle papers around - even if it does add value. This post is inspired by Tali Green's post today about getting a mish mash of relevant evidence. It's very worth noting too that these days companies like goodfact can really help make the process a lot easier and less painful for everyone involved. Even if you get a well organized bundle - it's hard to beat a great chronology.

Knowing what to expect is arguably the most important information anyone starting out in cargo claims can have Or ask for. On your way to and from the office, you want to quickly polish up or refresh your mind on Cargo claims process Then this is for you. Cargo claims in 10 mins or less! What to expect under Policy coverage Types of loss - measure of indemnity Loss investigation Loss adjustment Subrogation and General cargo claims examples. _________ Grab a copy of this cheat sheet now by simply letting me know in comments if you find it useful. By the way, you can now get ALL of the sheets we have produced so far for 78% less. But for a limited time only!

Filing a property damage claim can feel like navigating a labyrinth.🌀 But did you know that misinterpreting your policy can lead to denied claims. Let's debunk myths and empower you with knowledge.Stay tuned for our tips and tricks. #KnowledgeIsPower #ClaimSuccess.

Wondering how personal injury settlements are paid out in California? Here's a simplified breakdown of the process! 📑 Once all parties agree and accept the settlement claim, the insurance company moves forward with the payout process. 💼 The insurance company issues a settlement check under your name representing the agreed-upon compensation. ⚖️ Our lawyer will meticulously review the settlement check upon receipt to ensure it aligns with the agreed-upon terms. 🕒 In California, the insurance company must promptly pay and issue a check after accepting the settlement. We're not just your legal advocates but your partners in restoring peace of mind. Have questions or need guidance? Reach out to us. 🌐 cmplawgroup.com 📲 (310) 289-7126 Follow the Compass 🧭

SERVICE OF THE CLAIM FORM: ERRORS AND PROBLEMS 1: LEAVING SERVICE UNTIL THE LAST MINUTE AND THEN NOT SERVING PROPERLY (BY FAX OR DX)

Law firms must immediately replace client account shortages as opposed to “promptly”. The Solicitors Regulation Authority has spoken! Anyone in the legal profession can gain support, training (and extremely affordable membership) with client accounts, residual balances, accounts rules etc through the ILFM (The Institute of Legal Finance & Management). It’s not your money… and it’s not a bank…. Karen Edwards FCILEx ILFM(Dip) Claire Ellis The Solicitors Sole Practitioners Group - Company Page CILEX #conveyancing #immigration #propertylaw

Change In Ability To Recover Costs From The Losing Party. From October 1st 2023 a fixed costs regime will be implemented for the majority of claims for damages up to £100,000. This means that, whereas under the current costs rules, the winning side is usually able to recover a substantial amount of their reasonably incurred costs, after the change they will only be able to recover costs up to a fixed amount, no matter what the total costs incurred are. This is likely to result in the winning party having to pay a higher percentage of their own legal costs, whether bringing or defending a claim. |Find out more via the link. Hayley Mauro, Kevin Rogers, David Farmer, Amir Choudhary, Gemma White, Emily Griffiths, Jamie Boswell, Joshua Hagger. https://lnkd.in/eE9C7gzb

It's a pity our students have just finished studying their legal accounting and double entry element of their CPQ Advanced Stage. This article backs up what I stress from day one about protecting clients money so might have been an interesting and relevant read for them #CILEXStudy

If you're interested in what's happening and not just what happened, may I suggest you subscribe to my blog. The Insurance Journals recent interview is reproduced to help spread my thoughts on how my latest book (https://lnkd.in/eWa9RbTQ) can be used to fight the war against trial lawyer disinformation. Buy it, read it and subscribe to the free blog, here: https://lnkd.in/enWHBVyu.