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.
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.
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 |
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.
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.
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
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.
“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)
For almost 25 years, I have worked closely with Ty. First as a colleague at AIG and Zurich, and currently as a client of Innovation Insurance Group. Put simply, Ty is the best product development expert in the commercial insurance industry.
In addition to being a fine lawyer, he is also, in my opinion, one of the foremost experts in D&O insurance as well as network security insurance, which he largely invented as a product.
At AIG, Ty and I worked together on many high profile D&O deals. When I was President of AIG Small Business, I hired Ty and his team to develop our new products. When I moved to Zurich, I recommended Ty for the new company position of Chief Innovation Officer and today, as President of Navigators Management Company, we have hired Innovation Insurance Group to help with our new product needs in the management and professional liability space. Ty is one of a kind.