Insurance claims

A crane owned by a Sompo client failed resulting in serious injuries to the claimant. The company that rented the crane from our insured refused to acknowledge any fault on its part.

The rental company subsequently misrepresented the full amount of their insurance coverage, a violation of the local law. Our Casualty Claims adjuster used this information to leverage a significant contribution from the crane rental company which allowed the claim to resolve favorably for our insured.

A Sompo client was the target of securities and shareholder derivative class action litigation, as well as regulatory investigations.

Our Commercial Management Liability Claims team leveraged its collective experience to assist in negotiating settlements of the lawsuits, while ensuring that specific insurance proceeds under the Sompo Policy were reserved for any individual insureds’ liability arising from the regulatory investigations.

A Sompo client requested an audit by an outside law firm that specializes in professional defense, ethical questions, and grievance matters. Their goal was to find a retained resource for identifying vulnerabilities before claims arise.

Working with our insured’s broker, our Lawyers’ Professional Liability Claims team identified an appropriate law firm and attorney to provide the initial audit and then to serve as an ongoing resource for our client – a relationship that has solidified over several policy years.

A Sompo’s insured is an owner of a residential building. While a tenant in the building was on vacation, the air conditioner in the unit malfunctioned, causing a water leak. A mold condition developed that impacted multiple units in the building.

The tenant refused to return to the unit or allow the insured to access it. Using Sompo’s panel counsel and environmental consultants, we were able to remove and store the tenant property, remediate the mold condition in the unit and favorably resolve all claims against the insured.