Loss Adjustment Expense (LAE) is a critical factor that insurance professionals must consider when investigating and settling claims. At FPC we work with you, our insurance clients, to provide tailored services with evaluation turn-around times that meet your specific needs. For claims professionals, our vendor service provides an alternative to assigning presuit claims to panel counsel, where legal fees would increase substantially for what we provide with a fiscally responsible approach.
“Settle” recommendations will provide all the analysis and support needed to substantiate the position as well as the proposed settlement value. This analysis will also take into consideration the expense of defending the claim, including anticipated legal fees and costs associated with expert retention.
“Defend” recommendations will provide an initial litigation action plan, allowing you to instruct defense counsel on items that require immediate attention once a suit is filed. This will expedite the defense while reducing expenses and ensuring compliance with Florida’s stringent and evolving litigation timelines.