Our Services
Insurance Reconstruction
Our insurance archaeologists examine policies, correspondence, claims files, broker and accounting records as well as internal
corporate archives for evidence which will prove the existence of coverage. We track down and explore leads to additional sources of evidence such as insurance certificates and brokers' placing slips. A long forgotten warehouse
or closed plant may have valuable records stored in a filing cabinet; United States Government records are often a source of policy information; an oral history created by interviewing persons inside the company with knowledge
of past insurance practices may reveal other avenues of inquiry as we develop an entire body of historic insurance information. For clients who purchased coverage in the London Market, our U.K. office provides unparalleled
information at the source.
Insurance Audit
After reviewing our initial coverage analysis, many clients commission an audit of their historic liability coverages. An insurance
coverage audit provides the policyholder with a complete picture of its available insurance coverage. The major task in an historic insurance audit is to undertake a policy-by-policy analysis. Each policy is reviewed together
with all supporting documentation. The principal terms and conditions are entered into a policy register which is cross-referenced to the hard-copy evidence. With corresponding indices and graphic charts, the register provides
ready access to key policy information. The audit is an invaluable management tool which recoups its cost time and again.
Database of Coverage Information
R.M. Fields International also offers an Access©-based custom-designed database that allows users quick and easy access to information
concerning their historic insurance program. The database has repeatedly proven to be a valuable time-saver. For example, if you have a question as to Notice Requirements under the policies, the answer is never more than a few
keystrokes away. The database provides output ranging from basic schedules of insurance to complex reports responsive to your search criteria. Our database includes fields large enough to accomodate the full text of policy
provisions. The database is fully updatable, allowing it to become your desktop "file cabinet" of insurance coverage information.
In particular, the participation module has provided a valuable resource for policyholders and counsel alike. This section of the database allows you to track the details of the syndicates and companies underwriting your insurance. Whether you are giving notice, taking part in settlement discussions or analyzing the impact of insurer insolvencies, our database makes your task efficient and useful.
Solvency Analysis
R.M. Fields International maintains an exclusive, up-to-date record of pertinent financial and solvency details of London Market insurance companies. This
information is critical in determining the fiscal health of the London Market companies who underwrote your coverage. Compiled from data sources at the forefront of financial analysis, our solvency reports provide the requisite
knowledge to make difficult decisions easier. The information provided includes former names, ultimate parent, head office, claims office, scheme of arrangement participation and availability of guarantees. Click Here to see an example of a Solvency Analysis Chart.
Litigation Support and Expert Testimony
We work extensively with lawyers worldwide to provide support in complex insurance coverage litigation. Both in-house and outside counsel
recognize the cost effectiveness of having the expertise provided by insurance coverage experts in determining the existence and authenticity of historic insurance coverages.
In particular, our U.K. office has afforded many clients' counsel an easy path through the complex world of Lloyd's and the London market. Further, with the advent in 1996 of the reinsurance vehicle Equitas, it became important for outside counsel to be able to gain access to plain-spoken advice and information. Accurate analysis of the Lloyd's Syndicates' participation in our clients' historic insurance program is essential when dealing with Equitas. Our U.K. office provides this advice, information and accuracy.
Locations
We maintain offices in the Midwest, East and West Coasts of the United States and in Huntingdon, Cambridgeshire, U.K. Our collective knowledge and experience in
Insurance Archaeology is unmatched. Our independent practice in the United States and Europe dates from 1981. Our senior consultants' hands-on approach ensures that their skills, knowledge and expertise are brought to bear on
each client's particular challenges.
Resources
We have developed extensive and exclusive data banks of policy records which can produce spectacular results in minutes, saving months or even years of painstaking and
potentially futile research. Our strength lies in knowing where the records are and what they mean. In essence, we are insurance historians with knowledge of the insurance practices of bygone years. We understand old policies
and can pinpoint the areas of research most likely to bring results. Our familiarity with 20th Century insurance markets often allows us to locate records of coverage based on no more than a policy number or a defunct brokers'
name.
Contacts
Our presence in the U.K. provides our clients with access to a most important insurance market for U.S. companies. Our mastery of the London Insurance Market's arcane
manner of conducting business allows a prompt and untroubled passage through the maze of documentation generated between seeking and procuring insurance coverage. Our personal knowledge of how the market works and the
individuals involved is unmatched.