Just to let you know that last week, for the first time since the inception of this litigation, opposing counsel asked that I submit a demand for settlement…its timing immediately following your deposition is not lost on me!
Mississippi Mid-sized Law Firm
We wanted to reach out and let you know that we have tentatively settled the XXXX case. For the last several weeks, the parties have been working with a mediator on various settlement proposals, and following production of our expert rebuttal reports, we appear to have reached an agreement with the Trustee on settlement. While the language and terms of the settlement agreement have not yet been finalized, we wanted to update you on this development.
We could not have obtained this favorable settlement without your hard work and insight into the case.
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.
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.
For over 20 years, I have worked closely with Ty Sagalow. I consider him to be a good friend and colleague. At National Union, we worked together on many new creative deals as well as new products together and now at Ironshore I am pleased to be able to draw on his expertise in product development.
Ty is one of the most creative and smart dealmakers in the industry. He has the rare ability to listen to his clients needs, understand the views of the other stakeholders, and arrive at a resolution that supports his client’s profitability and long term goals. I am privileged to be able to work with him and call him my friend.
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
Case Settled! And deal expanded into something even bigger for client! Your work was very helpful in bringing out this result.
Mid-size East Coast Law Firm
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.
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.
First, I wanted to say thank you again for your help with this case and for your deposition this week. It’s been a while since I have seen an expert reduce the other side literally to tears, and to do so while being charming and friendly!
Second, we finally were able to wrap the case up via settlement, thanks in large part to your testimony!
Again, thank you!
Partner, Mid-Atlantic Regional Law Firm