Lexington Casualty

A public entity with complex risks was non-renewed by its incumbent carrier due to a change in the carrier’s risk appetite.

Lexington Casualty’s dedicated team quickly created a robust program to satisfy a critical layer in the renewal placement. The customized solution included the specialized public entity coverages necessary while also providing flexible retentions, attachment points and limits.

In a challenging market, the broker was able to structure a program for its client that met the client’s risk management needs and avoid having to self-insure.

A claim was brought and lawsuit filed against an insured product manufacturer alleging that the insured’s product was defective and exacerbated harm that resulted in death.

Our claims experts successfully resolved the claim before jury deliberations began for an amount that was significantly less than the monetary damages the claimant was demanding by laying out expert evidence on the claimant’s role in the accident as well as identifying procedural deficiencies in the case that would be the basis for a winning appeal.

The claim was resolved fairly for an amount that was considerably less than the monetary damages the claimant sought to recover.