Maximizing Insurance Recoveries Legally with Michael Levine
Description
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: