1. Experience as to Commercial General Liability Insurance Policies.

You’re invited to observe the video under introducing my property casualty experience, adopted by detailed profession highlights.

A. Commercial General Liability Insurance Coverage Experience as an Insurance Regulator. I’ve had in depth and substantive expertise relating on to industrial normal legal responsibility insurance coverage insurance policies together with decoding coverage language and figuring out the insurer’s obligations beneath such insurance policies. As a regulator for eight years in three positions ((i) Assistant Lawyer General assigned to the Division of Insurance (Iowa), (ii) First Deputy Commissioner of Insurance and (iii) Commissioner of Insurance), together with my employees, I authorized (or disapproved) of the language of economic normal legal responsibility insurance coverage insurance policies utilized by every of the 1,000 property casualty insurance coverage firms doing enterprise within the state, a lot of whom write industrial normal legal responsibility insurance policies. This regulatory motion additionally included the approval of coverage utility kinds. As well as, I frequently served as an Administrative Regulation Decide (then referred to as a “Hearing Officer”) in issues relating on to industrial normal legal responsibility insurance coverage insurance policies.

B. Commercial General Liability Insurance Coverage Experience: NAIC. Whereas Commissioner, I additionally served as a member of the Nationwide Affiliation of Insurance Commissioners (“NAIC”), (together with membership on its Government Committee), the nationwide group of all state insurance coverage commissioners. That group has obligations for establishing mannequin insurance coverage administrative rules and mannequin statutes for consideration by the entire states.

C. Commercial General Liability Insurance Coverage Experience: American Academy of Actuaries. Alongside these similar strains, I served as normal counsel and chief lobbyist to the American Academy of Actuaries, Washington, D.C. The Academy is the nationwide skilled affiliation for actuaries. These professionals set up premium ranges for insurance policies. As well as, as a result of coverage language dictates premium ranges, actuaries are additionally energetic in figuring out coverage language.

D. Commercial General Liability Insurance Coverage Experience: CEO of A Main US Insurance Entity. After serving as a regulator, I served as President and Chief Government Officer for the Nationwide Council on Compensation Insurance (“NCCI”), New York Metropolis, a nationwide business owned group with about 1,500 staff with annual revenues of about $150 million that did (and does) enterprise in about 40 states. NCCI was domiciled in Florida and did enterprise all through the US.

Which means whereas I used to be CEO, NCCI was topic to the total authority of the assorted state departments of insurance coverage (“DOIs”) and topic as effectively to every of these states’ Insurance Code in addition to the jurisdiction of their state and federal courts.

Amongst my obligations at NCCI was (along with my employees) to formulate all staff compensation insurance coverage coverage kinds as utilized in our 40 states of operation. This work included drafting all coverage language (tailor-made to the precise state’s insurance coverage code) in addition to drafting all endorsements and all different coverage kinds. As well as, my obligations included gaining state insurance coverage division approval of all such coverage kinds as a situation precedent to their use as submitted by some 600 insurance coverage firms. Lastly, I be aware that amongst others, the industrial normal legal responsibility insurance coverage profit beneath staff compensation is a vital protection. I’m very conversant in the that means and relevance of particular state approval of coverage kinds, endorsements and purposes and associated paperwork and issues.

E. Commercial General Liability Insurance Coverage Experience: Reinsurance Arbitrator. I’m additionally considered one of about 200 licensed reinsurance arbitrators (by ARIAS-US) and have sat as an arbitrator on industrial normal legal responsibility insurance coverage points in disputes about coverage language between reinsurers and their insurers.

2. Claims: Experience as to Duties of Commercial General Liability Insurance Companies.

A. Claims: Experience as to Duties of Commercial General Liability Insurance Companies As Commissioner of Insurance. I’ve additionally had vital expertise and duty in reference to figuring out and passing judgment on insurers’ obligations as to insurance coverage brokers and as to candidates, insureds, house owners and beneficiaries. Specifically, in my three regulatory positions beforehand described, I had every day duty to guarantee and to carry accountable the entire state’s 1,000 property casualty insurers, a lot of whom offered industrial normal legal responsibility insurance coverage insurance policies. I did so by means of a sequence of motion steps and instruments. The motion steps and instruments included the next:

1. Claims: Commercial General Liability Policies: NAIC Market Regulation Handbook. As Commissioner, I had as an obtainable instrument, the NAIC Market Regulation Handbook (“Examiners Handbook” or “Handbook”). Amongst different issues, this Handbook units forth requirements to evaluate industrial normal legal responsibility insurer conduct regarding: (i) coverage utility; (ii) coverage issuance; and (iii) obligations regarding their brokers. The Handbook additionally units forth requirements of overview as to agent contracts and appointments by insurers of brokers. The Handbook is utilized by each division of insurance coverage in the US. The requirements have been universally agreed to by the entire nation’s Commissioners of Insurance as adopted formally by them by means of the NAIC. The requirements of the Handbook are universally acknowledged as acceptable requirements towards which to guage industrial normal legal responsibility insurer conduct.

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2. Claims: Commercial General Liability Policies: Market Conduct Examinations. Frequently, my regulatory company performed Market Conduct Examinations of economic normal legal responsibility insurers using the Examiners Handbook to find out whether or not actually the goal insurer was assembly all of their obligations to their insureds and others. This motion entailed bodily going into the insurers’ utility and coverage issuance information to find out any errant motion or inappropriate coverage conduct. As additional mentioned under, errant insurers have been warned, disciplined and prosecuted as required.

3. Claims: Commercial General Liability Policies: NAIC Monetary Examiners Handbook. As Commissioner, I had obtainable one other instrument, particularly the NAIC Monetary Examiners Handbook (“Financial Examiners Handbook”). Amongst different issues, the Monetary Examiners Handbook units forth requirements to evaluate industrial normal legal responsibility insurer solvency on a triennial foundation. Amongst different paperwork reviewed by examiners in reaching monetary conclusions are agent contracts and policyholder issues. As with the Market Conduct Examiners Handbook, the Monetary Examiners Handbook is utilized by each division of insurance coverage in the US. Equally, these requirements have been universally agreed to by the entire nation’s Commissioners of Insurance as adopted formally by them by means of the NAIC. The requirements of the Monetary Examiners Handbook are universally acknowledged as acceptable requirements towards which to guage industrial normal legal responsibility insurer conduct.

4. Claims: Commercial General Liability Policies: Monetary Examinations. Frequently, my Division performed monetary examinations of economic normal legal responsibility insurers using the Monetary Examiners Handbook to find out whether or not actually the insurer was, and would probably stay, solvent. As with market conduct exams, monetary examinations entailed bodily going into the insurers’ operations and learning information and different objects to: (i) guarantee compliance with agent and policyholder duties; and (ii) to guarantee that monetary reporting as to agent and policyholder issues have been correctly carried out. As additional mentioned under, errant insurers have been warned, disciplined and prosecuted as required.

5. Claims: Commercial General Liability Policies: Complaints From the Public. Every day, my Division obtained incoming shopper complaints as to industrial normal legal responsibility insurance coverage firm practices. This Shopper Safety Division was staffed by Division legal professionals who resolved the person grievance and in addition, equally importantly, decided whether or not an insurer evidenced unacceptable practices — that’s to say, whether or not the incoming shopper complaints actually constituted a crimson flag as to the industrial normal legal responsibility insurance coverage firm’s potential conduct throughout the board.

6. Claims: Commercial General Liability Policies: Prosecution. To the extent insurer conduct required formal motion (whether or not a results of complaints from the general public or a results of Division investigation by means of a Market Conduct Examination or the Monetary Examination), my Division prosecuted such industrial normal legal responsibility insurers beneath the state’s civil Administrative Procedures Act. In reference to such prosecutions, I served in varied capacities throughout my eight years as a regulator, together with serving as (i) prosecutor (as Assistant Lawyer General), (ii) as the choice maker as as to whether to provoke prosecution within the first occasion (whereas First Deputy and Commissioner of Insurance) and (iii) because the Administrative Regulation Decide (“ALJ”) who presided over the prosecution and entered findings of truth and conclusions of legislation as to insurer protection determinations and declare settlement practices. I’ve served as an ALJ in scores of such circumstances the place the industrial normal legal responsibility insurer’s (i) agent; (ii) coverage type; (iii) coverage utility; and (iv) general conduct have been the first points. I entered remaining choices and orders in such issues.

B. Claims: Commercial General Liability Policies: Experience As to Duties of Commercial General Liability Insurance Companies as an Insurance Trade Government: CEO of a Main US Insurance Group. I talk about my government expertise at NCCI beneath this part as a result of along with experience as to insurance policies (mentioned above), my expertise at NCCI additionally resulted in experience as to insurer obligations as to purposes, coverage issuance and their brokers.

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Whereas I used to be President and CEO, NCCI was topic to the total vary of authority of the assorted DOIs as mentioned above. I’m very conversant in the duties of U.S. based mostly insurers regarding their obligations and obligations and the regulatory scheme in place in varied states as to such issues.

Whereas President and CEO of NCCI, I visited and bodily toured and reviewed in extra of 400 insurance coverage firms and gained direct publicity to the procedures and processes and normal business practices of the U.S. insurance coverage neighborhood together with the industrial normal legal responsibility insurance coverage neighborhood in that any variety of these insurers had industrial normal legal responsibility insurance coverage operations.

C. Experience as to Duties of Commercial General Liability Insurance Companies: General Counsel to the American Academy of Actuaries. As said above, I served as General Counsel and Director of Authorities Relations for the American Academy of Actuaries. I point out it once more right here in reference to insurer agent and coverage obligations as a result of Academy members included affiliation with nearly each industrial normal legal responsibility insurance coverage firm in America. Amongst different issues, such actuaries had duties regarding coverage language and coverage pricing. The Academy’s Board of Administrators was likewise made up of main insurance coverage firm executives from such industrial normal legal responsibility insurance coverage firms.

D. Experience as to Duties of Commercial General Liability Insurance Companies: Lawyer in Non-public Observe Iowa.As an legal professional in personal apply, I represented quite a few agent and insurer pursuits and have become conversant in relevant industrial normal legal responsibility business requirements of apply, together with insurer obligations towards their brokers. These pursuits additionally included intimate involvement with insurance coverage kinds corresponding to these at difficulty right here, as counsel to the (i) Skilled Insurance Brokers of Iowa and (ii) the Iowa Affiliation of Commercial normal legal responsibility Underwriters (industrial normal legal responsibility, well being and annuity insurance coverage brokers).

3. Experience as to Insurance Brokers Who Promote Commercial General Liability Insurance.

A. Experience as to Insurance Brokers as a Regulator: Licensure. I’ve had in depth and substantive expertise relating on to the obligation of care that involves bear on insurance coverage brokers and businesses of their varied relationships with industrial normal legal responsibility insurance coverage firms. As an Assistant Lawyer General (see above), I’ve prosecuted industrial normal legal responsibility insurance coverage brokers for violations regarding their obligation of care. As an insurance coverage regulator (see above), together with my employees, I’ve screened a whole lot of hundreds of brokers for character and background (separate and aside from subject material testing). As to subject material, I’ve formulated agent-licensing exams within the first occasion. Upon passage of the examination, I’ve licensed a whole lot of hundreds of insurance coverage brokers.

B. Experience as to Insurance Brokers as a Regulator: Prosecution and CE. I’ve had full duty for persevering with training for licensed industrial normal legal responsibility insurance coverage brokers (approving CE programs within the first occasion for acceptable content material; overseeing the administration of such programs and granting and denying credit score for such programs). I’ve initiated agent revocation actions and prosecuted these actions to completion.

C. Experience as to Insurance Brokers as a Regulator: ALJ. I’ve sat because the Administrative Regulation Decide in such actions and entered findings of truth and conclusions of legislation in scores of circumstances through which brokers have been prosecuted for violations regarding requirements of care in reference to industrial normal legal responsibility insurance coverage issues, and I’ve had direct duty for the appointment course of by industrial normal legal responsibility insurance coverage firms (some 500 industrial normal legal responsibility insurance coverage firms) of all of their industrial normal legal responsibility brokers. I’ve supervised as effectively the continued relationship of all industrial normal legal responsibility insurance coverage firms within the state with all of their appointed brokers.

D. Experience as to Insurance Brokers: Authorized Illustration. As a lawyer, I’ve defended industrial normal legal responsibility insurance coverage brokers and brokers towards allegations (in administrative legislation boards) of violations of their obligation of care.

E. Experience as to Insurance Brokers: Trade CEO. As President and Chief Government Officer of a serious Florida domiciled entity (NCCI) doing enterprise in some 40 states, I’ve had substantial working relationships with the U.S. insurance coverage agent and company neighborhood.

Contact Invoice Hager at 561-306-5072 or via email to debate your case.