Minimizing Risk with Experienced Subrogation Management

Insurance exists because bad things happen, whether by negligent third parties known as tortfeasors, or by “acts of god” like floods and earthquakes. In order to stay functional and financially viable, public entities need to minimize risks, both over the short term and long term. 

Government risk pools allow a cooperative way for public entities to spread the risk around. The majority of local municipalities in the US use one or more risk pools to manage their insurance costs and liability. Lower premiums, collaborative accountability, and safety-in-numbers theory make risk pools the most cost-efficient methods for public entities to self-insure. 

However, if your risk pool is not fully-exploring every case of loss for possible routes to subrogating the matter, you may be compromising your bottom line and, in turn, your ability to offer those lower premiums and collective stability for your insured. 

Properly Navigating Subrogation Claims Cases Protects All Members of the Risk Pool

When incidents of loss do occur, risk pools require extremely specialized subrogation case management to achieve recovery that benefits the risk pool at-large. Advantages for risk pools who outsource their subrogation needs to a law firm specifically focused on subrogation law include specialized knowledge of insurance law, and the ability to work cooperatively with your subrogation team. You control your path to subrogation recovery; we help you maximize that recovery while minimizing your subrogation expenses.

Proper subrogation case management is key to effective risk management. Rathbone Group’s subrogation efforts will increase profitability of a government risk pool while educating its members on the subrogation process along the way. This benefits everyone – it maximizes chances of subrogation recovery in the current case and increases chances of recovery in subsequent cases as the government risk pools reap the benefits of education on the subrogation process.

Rathbone Group’s Focus on Communication & Cooperation

We understand that conducting subrogation on behalf of government risk pools requires excellent communication – a skill at which Rathbone Group excels. Proper subrogation management that focuses on open communication and education about subrogation and insurance law is integral to every party understanding the subrogation process every step of the way. 

As a sizable law firm with nationwide coverage, RG’s subrogation professionals and attorneys offer a unique approach to pursuing and resolving claims for government risk pools. Our cost and time-effective subrogation services can even include a second look at cases you may have thought weren’t viable. Whether it is through negotiations, a lawsuit, or mediation and arbitration alternatives, we can add to your bottom line with any philosophy regarding recovery pursuit.

Learn more about Rathbone Group’s areas of practice.