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.
“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)
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.
Ty, I am pleased to inform you that we completely won our arbitration with XXXX. As you can see, the Arbitrator 100% adopted our arguments. XXX and I want to thank you for your invaluable assistance on this case. If you are ever in Los Angeles, please call me so we can have a celebratory drink or dinner together.
REGIONAL LAW FIRM, LOS ANGLES
Hope this finds you well. Thanks again for your excellent report. I am attaching the expert witness designation of our co-defendants’ for your review. Please let me know if these have any bearing on your opinions. They agree with you, so I doubt they will.
Thanks in advance,
Mississippi Law Firm
My working relationship with Ty Sagalow spans over his employment at Zurich and now with Innovation Insurance Group. IIG’s initial engagement was to refine an insurance product under development and then secure suitable insurance partners. Ty accomplished both and the product is now ready for market introduction.
Other similar product and program opportunities are now in the pipeline with IIG acting as a product development consultant to Hub International in the design, development and refinement of proprietary insurance product offerings.
Our expectation for these next opportunities are very high based on Ty’s performance and “proven results” during his initial engagement.
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
Ty, just received the below from the carrier:
By letter dated September 11, 2016, [Carrier] informed [Insured] that it was unable to find coverage for the Counterclaims under the E&O Policy for the reasons discussed in detail therein. [Carrier] reiterated its declination of coverage by letter dated January 13, 2017. By email dated February 8, 2017, you again challenged [Carrier] declination of coverage, attaching a letter from Innovation Insurance Group. [Carrier] has closely reviewed the additional information provided, and … will provide a defense to [Insured]
THANK-YOU, THANK-YOU, THANK-YOU!!
Johathan Marc Davidoff
Davidoff Law Firm, P.L.L.C.
Good Morning Ty,
I hope this email finds you doing well and not working too hard. I wanted to share with you some feedback we received from the client about the above job:
The case has settled “thanks to the excellent work of Mr. Sagalow”.
I wanted to thank you for being a pleasure to work with on this short project; I enjoyed our brief conversations and your wit and humor. I hope you work with IMS on projects in the future so that we can work together again. Have a great weekend!
Jolean Blair | Engagement Manager
Direct Line: 850-473-6967
http://www.expertservices.com | 877-838-8464 |
September 22, 2017
The United States District Court for the Southern District of New York found that AXIS Insurance Company was not liable under a directors and officers insurance policy for $20 million in losses alleged by its insured, PATRIARCH PARTNERS, LLC, on the basis on the application of the policy’s “pending and prior claim” exclusion accepting arguments made by the carrier’s expert witness, Ty Sagalow.
In his report, Mr. Sagalow argued that the policy’s pending and prior claim exclusion applied because under the facts of this case a SEC subpoena issued following the institution of a SEC Formal Investigation was both a “demand” and and “order”within the meaning of the exclusion and the policy’s definition of Claim. Accepting Mr. Sagalow’s expert opinion, the Court concluded “Analyzed separately or collectively, the Topbas Subpoena, the Formal Order of Investigation, and the SEC’s underlying investigation of Patriarch constitute a “Claim” against an Insured that was pending before August 11, 2011.” (Decision at p. 9)
For a copy of the Court’s full opinion, go here.