Los Angeles (March 9, 2017) — A Michigan state judge has granted summary judgment to a policyholder against an AIG Unit holding that the AIG unit cannot recover $19 million in defense and settlement it paid on behalf of its insured, AlixPartner LLP, finding that the insured properly reported the claim to the insurer.
Defendant presents the expert report of Ty Sagalow who stated that plaintiff [insurance carrier] chose not to include any “related claims” or “related wrongful acts” provisions in the relevant policies…Since the “related claims” or “related wrongful act” language is absent from the policy, Plaintiff is unable to avoid liability…the Court grants Defendant’s [Policyholder] motion for summary disposition in its entirety…” (Decision at page 6 and 10)(March 3, 2017)
Law Firm representing Insured: Anderson,Kill
Issue: Meaning of phrase “claims made”
Expert retained by Insured: Ty R.Sagalow
I have had the good fortune to know Ty for over 30 years, first as an insurance carrier executive with whom I have done business and now as a trusted consultant to the Newman Team at Aon plc. He is, in my opinion, the top product development person in the industry. He has the unique ability to take new ideas, whether from a carrier, a broker or a client, and turn them into actual insurance products and solutions in a very quick, efficient and cost effective manner.
One of Ty’s greatest attributes is his ability to listen to a client, understand their needs and address that need with an innovative solution.
I can strongly recommend Ty to any person or company, of whatever size or industry, who is looking for unique insurance solutions to their needs or for the needs of their customers.
We are pleased to to report that our firm has concluded that Ty Sagalow was our most helpful expert witness in our successful $8.7 million policyholder victory against the insurer of our client, Illinois Agricultural Association.
Our client sought insurance coverage under a management protection policy for an arbitration award entered in favor of former insurance agents. Defendant insurance company denied coverage, without considering all coverages in the policy.
On summary judgment, the court held that the arbitration award was covered by the policy. The court awarded $7 million, plus interest totaling $8,666,293. Thank-you Ty for your expert services to us and our client.
Fantastic job on your report! I reviewed it early yesterday morning when we were preparing to serve our discovery responses and had no changes or questions. I was really impressed with your thorough analysis of the issues of the case, and you raised some strong arguments that I had not considered or delved deeply into yet. I really appreciate your perspective and work on this matter.
National Carrier Law Firm
“Allianz is committed to staying at the cutting edge of insurance,” said Solmaz Altin, Chief Digital Officer at Allianz SE. “We follow the insurtech space closely and globally, and have seen nothing to match Lemonade in terms of technology, user experience and business model innovation. We’re thrilled to become a stakeholder in Lemonade, and will do what we can to accelerate their rapid expansion throughout the US and beyond.” (Company Press Release, 4/20/17, NEW YORK)
Note: Ty Sagalow is a Founding Member and Chief Insurance Officer of Lemonade, Inc., and Chief Executive Officer of Lemonade Insurance Company. (current as of 4/20/17)
I have known Ty Sagalow for 25 years both professionally and personally. He is, by far, the most knowledgeable and creative individual in the insurance industry on reputation risk and reputation insurance. He truly understands brand risk and crisis management and can, and has, taken that understanding to develop extraordinary brand and reputation insurance policies. He is one of a kind.
Ty, I have no doubt your report was instrumental in moving the defendant up in the zone of reasonable settlement. They initiated these discussions [right] after getting your report. Thank-you.
Major International Law Firm
Darwin’s expert, Ty R. Sagalow, is qualified under Rule 702 by way of his experience and education. Mr. Sagalow has over 30 years’ experience as an insurance executive, and has served as both chief underwriting officer and general counsel at one of the world’s largest insurance companies. His diverse professional experience at a variety of companies in the insurance industry demonstrates a breadth of experience drafting and interpreting policies, making underwriting decisions, and claims handling….The Court concludes that Sagalow’s experience, training and education provided a sufficient foundation of reliability for his testimony. His specialized knowledge in the insurance field may be helpful to the trier of fact in understanding the evidence or determining facts in issue.
I wanted to let you know I retained Ty Sagalow to act as an expert on the broker malpractice case I am handling. He did a first class report and identified an issue that I had not thought of before. His opinion on that issue could be a game changer in favor of the Firm client. Thank you for recommending him.
Ty, your CLE session today for our Jones, Day attorneys was extremely well received. Among the comments we got were:
- Great CLE- Immediately applicable information for any attorney (all 5s)
- Very knowledgeable presenter! (all 5s)
- Great Presentation! (all 5s)
IMS Expert Services
Note: Presentation available upon request.