The Purpose of a Reservation of Rights Letter
Legal Purpose
Practical Purpose
The Preliminaries
The Letterhead
Appropriate Addresses
Handling Numerous Insureds
The Certified Mail Issue
The Caption
Introduction of the Letter
Introducing the Insurer
Introducing the Claim
Introducing the Policy
Acknowledging the Defense
Explaining the Defense
Pre-tender Issue
Identify Defense Counsel
Panel Counsel vs. Independent Counsel
Address Rates
Billing Guidelines
Consent Requirement
Reimbursement of Defense Costs
Right to Withdraw and File Coverage Action
Allocation of Covered vs. UncoveredClaims
Identify the Policy
Addressing Multiple Plaintiffs
Addressing Multiple Defendants
Addressing Number of Occurrences
The “Fairly Inform” Requirement
Final Considerations
Timeliness
Cooperation Obligation
Excess Insurers
Statutory Requirements
To whom to send a CC
Questions & Answers
Runtime: 1 hour and 2 minutes
Recorded: November 18th, 2015