Inventive and Effective Strategies for Settlement of Small Claims
This session will highlight the laws and tools available in some states which can put pressure on liability carriers to settle third-party claims - especially smaller claims. Many carriers simply deny small claims because they know the cost-benefit analysis deters filing suit on small claims. However, coupling a small demand with a persuasive presentation of the facts specific to the claim and the law in a particular jurisdiction can effectively and inventively pressure an adverse carrier to resolve the claim.
Upon completing this session, the attendee will understand how to effectively resolve a small claim against a third party. Both proper investigation and knowledge of the applicable law are important to presenting a compelling and persuasive demand to pressure a liability carrier into settling a claim it would otherwise deny. The claim professional will know where to locate jurisdiction specific laws and better investigate a claim, regardless of its amount, to resolve a third-party claim.