First Party insurance claims are those made by an insured
against his or her own insurance company. Typical examples of first-party
claims are those made against a homeowner's insurance policy to recover for
losses arising from a fire, theft, water or wind damage, etc. Other examples of
first party claims arise from health insurance coverage, business policies, and
auto policies. The panel of speakers, Fred Millard, Doug Bragg
and Rob May will provide two perspectives on the claim handling process,
including review oftypical property insurance policies, common coverage issues,
presentation of the Claim to the Insurer, the Insurer's investigation,
adjustment, and claim denial followed by litigation and/or contractual
appraisal. The program will also address under what circumstances the insured
is entitled to recover statutory attorney fees and prejudgment interest. We
will also discuss statutes of limitation and other conditions and prerequisites
that must be met before initiating litigation against an insurer.