DiscoverThe Voices of Risk ManagementMaximizing Insurance Recoveries Legally with Michael Levine
Maximizing Insurance Recoveries Legally with Michael Levine

Maximizing Insurance Recoveries Legally with Michael Levine

Update: 2024-11-01
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Michael Levine is a partner in Hunton Andrews Kurth LLP’s Washington, DC office and a leader of the Firm’s Insurance Recovery Practice. He offers insights into the legal side of the risk management space and the important role that attorneys play in creating a system of checks and balances in the insurance space and offers insights from his experience to young professionals considering a career at the intersection of insurance and law.

 

Key Takeaways:

  • Michael shares insights into his work at Hunton Andrews Kurth.

  • Being an attorney who practiced in insurance was not a childhood dream of Michael’s.

  • After becoming an attorney, the decision to specialize in insurance coverage was an easy one.

  • Michael has practiced both in favor of the policyholder as well as on the carrier side.

  • What were Michael’s reasons for switching back and forth between the policyholder and carrier sides multiple times?

  • The biggest misconceptions about the motives and actions of attorneys in the insurance space.

  • What does it really mean if a lawyer gets involved in a claims case?

  • The real reason Michael uses the term “policyholder” instead of “insured.”

  • Attorneys are in place to provide a healthy system of checks and balances within the insurance industry.

  • Maximizing insurance recoveries means giving policyholders everything they're entitled to.

  • When is the right time to get an attorney involved in insurance policies?

  • Once counsel gets involved, whether the broker has done their job makes all the difference in the outcome of the claim.

  • Michael’s opinion on the high percentage of insurance payouts that ends up in attorney’s pockets.

  • Acquiring new clients through marketing and networking, because repeat business is not good business in policyholder litigation.

  • Michael reveals the biggest lessons learned from his years of practicing law in the insurance space.

  • Tips for picking up the technical language of the insurance world.

  • It’s all meaningful; Michael’s advice for finding the issues that mean something to you and righting a wrong.

 

Mentioned in This Episode:

RIMS — San Diego Event

Michael on LinkedIn

Hunton Andrews Kurth

 

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Maximizing Insurance Recoveries Legally with Michael Levine

Maximizing Insurance Recoveries Legally with Michael Levine