Jul 24, 2018
Michael Saltzman, a Philadelphia partner in Goldberg Segalla’s Global Insurance Services Group, highlights the key issues insurers and policyholders face when the policy has a large self-insured retention or deductible provision. These issues include when to exercise or cede the right to control litigation decisions, how to obtain consent for settlements, and the manner in which an SIR can be satisfied. In each circumstance, Mike uses emerging case law to illustrate the general rules and offers strategies for cooperation between the insurer and insured. Mike specifically addresses how SIR insurers can ensure competent and affordable counsel is in place early on in litigation and the methods to prevent against excess judgments and settlements.