ROSELAND, N.J./October 17, 2011 -- Neil V. Mody presented on the topic of "Adjusting Catastrophic Losses" at the 2011 PLRB/LIRB Large Loss Conference on September 24-26, 2011, in Chicago, Illinois. Working with a professionally diverse panel, including an insurance claim manager, a defense trial attorney and an expert consulting witness, Mody outlined strategies for handling and litigating complex insurance coverage issues arising from various large-scale catastrophes. The annual Large Loss Conference was attended by approximately 1,000 insurance industry professionals from various jurisdictions around the U.S. and abroad.
The two-hour interactive sessions featured spirited question-and-answer sessions involving novel and emerging topics, including recent developments impacting advance payment "insurance funds" for catastrophic claims; calculating the number of occurrences under different judicially recognized tests; dealing with additional insured disputes and multiple coverage layers; purported "stipulated exhaustion" agreements; good faith obligations among insurers; recent coverage rulings and trends; and strategies for coverage adjudication through mediation, arbitration, and/or trial.
Mody is a Partner in Connell Foley's Insurance Coverage practice group. His practice is focused on litigation, counseling, and excess monitoring on behalf of domestic and internationally-based insurers in various coverage matters, including property, general liability, excess liability, professional risk and long-tail claims, as well as bad faith, reinsurance, and catastrophic loss.
For more information on the insurance coverage issues and authorities raised at this seminar, contact Neil Mody at (973) 535-0500 or nmody@connellfoley.com.