Risk Management and Insurance Consulting

Self-Insurance Consulting Services


Self-insurance is not for everyone; however, it is a viable alternative for many. We can help you cut through the fog of self-insurance and regulatory compliance to assist you in determining if a self-insurance program should be part of your risk management process.  Our process includes:


     • Feasibility Studies

     • Plan Design , Implementation and Management

     • Actuarial Studies

     • Regulatory Filings and Ongoing Compliance

     • Vendor Selection and Management

     • Emphasis on public entities including hospitals, cities and counties

     • Programs include workers compensation, liability including automobile and excess and healthcare professional liability


Broker Selection & Competitive Bid Process


Most companies go through the competitive bid process for their insurance program at least once every three years. But at the end of the process most are not really sure they (1) have the most competent broker and (2) best program. It is a cumbersome, time consuming and often times confusing process. Newcastle will manage this process so that you have the most cost effective and comprehensive program available. Services included:


     • Broker selection process including development and distribution for broker qualification response and selection

     • Ongoing management and monitoring of the process

     • Competitive Bid process including development and distribution of bid specifications, broker management process, review, award and ongoing management


Due Diligence/ Mergers & Acquisitions


Whether you’re acquiring, selling or merging you can’t expose your assets in a transaction without knowing what exposures exist or what exposures/liabilities you will be assuming. It could be unfunded or under reserved claim liabilities, uninsured pollution exposures, collateral issues, etc. A true and thorough due diligence exercise is an absolute necessity in any M & A activity. Also its best to get us involved on the front end. Services included:


     • Review of present/existing coverage for both parties to determine adequacy and combinability

     • Determine outstanding claim liabilities and establish valuation of those liabilities including collateral management

     • Review of loss history to determine any problem areas and method to address

     • Development of “ go forward” program


Risk Management Services


If you do not have a full-fledged risk management department Newcastle can act as an extension of your risk management department and provide all those services normally provided by an in-house risk management department. Some of the services included are:


     • Exposure analysis with recommended treatment

     • Program design and implementation

     • Management Reporting

     • Staff interaction

     • Overall Consulting


Expert Witness Services


With over 38 years’ experience in commercial lines underwriting, complex insurance program design , implementation and management and agency management we bring a unique perspective to our opinion services. We can see and analyze from all sides of the issue.


Other Services


Actuarial studies by certified actuaries including feasibility studies, claims liabilities valuation, collateral review support, etc.

 

Complex claims consulting. Limited to large property claims. Our services work hand in hand with you in determining the value of your claim and managing the process. They serve as your advocate.