Success Stories

Case Studies

These success stories are a testament to how the Insurica Insurance Management Network can serve the insurance management needs of a diverse spectrum of industries and client needs.

• Name Mix-up Leads to Numerous Unwarranted Claims

  Manufacturing

  Our client, a mid-sized manufacturer, had been experiencing a high number of lawsuits due not to their negligence, but to the similarity of their company name to that of another company that was in fact negligent of numerous claims. Not only was our client’s reputation and experience affected, but they found themselves spending numerous hours answering interrogatories completely unrelated to their operation.

• Internet Exposure Coverage Gaps Filled

  Technology

  As a large technology company that has developed industry-specific software, our client had many Internet exposures that were not covered under general liability – copyright infringement, intellectual property infringement and hacker liability. Even contract liability that is included in general liability almost certainly would not apply to Internet-related contracts. Although a professional liability policy had been placed, many of their coverage needs were still excluded.

• Master Policy Delivers Broad Coverage

  Hospitality

  Our client, an owner and operator of restaurants with several locations in Oklahoma, decided to expand their business into other states. With the expansion also came the issue of having to place separate policies with different carriers due to the varied operating procedures from state to state. Their property and general liability claim reporting was becoming inconsistent, along with their loss control.

• New Coverage Structure Aids in Physician Recruitment

  Healthcare/Hospitals

  A large rural hospital chain was experiencing difficulty in recruiting and keeping physicians and consistently increasing medical malpractice insurance premiums made employment contracts an extraordinary expense. Each physician was carrying his/her own policy with separate carriers and expiration dates and were reducing limits and excluding certain practices to keep their costs down. In some cases, the physicians’ policies would lapse without any notification to the hospital, thus leaving the facility exposed to malpractice litigation.

• New Plan Addresses Unique Insurance Needs of Technology Centers

  Education

  Adverse weather and onerous litigation had led to a steady increase in insurance rates for state educational institutions. Many insurers implemented significant rate increases or withdrew from the market completely. School districts were forced to reduce or eliminate valuable insurance extensions they could no longer afford.