Questions Insurance Experts Thought Lawyers Should Ask

Recently, we surveyed our insurance experts, asking them questions about their field. The last question we asked was: "What questions should we be asking that we are not?". We got a huge response of suggested questions! Here are some of them. if you have others to add, please feel free to post!

Q: What are the main ideas of Principles-Based Reserving?

Q: What is the fair value of liabilities and its effect on management of financial institutions?

Q: How do you determine whether a policy is underfunded?

Q: How do you analyze the internal assumptions in the asset share statement?

Q: What internal assumptions has the carrier made that has contributed to the underfunding problems?

Q: What is the profit model needed to make money in the field of health insurance?

Q: Please define "custom and practice" as it relates to your experience in the industry.

Q: Describe the most substantial or interesting contribution you have made as an expert witness.

Q: What is the difference between SOC and Beat Practices?

Q: What new products do you see being developed by the insurance industry to solve the problems of this court case going forward?

Q: When and by whom were you designated a general adjuster?

Q: What course work was required of you following basic claims school?

Q: Have you been challenged as unqualified to testify under the Daubert rule? If so, what was the result of that or those challenge(s)?

Q: How many professional insurance designations do you have and what are they?

Q: Have you ever provided training and education to insurance producers and their staffs and in what areas?

Q: What contributions have you made to enhance professionalism in the insurance industry in the past five years?