The Voices of Risk Management Maximizing Insurance Recoveries Legally with Michael Levine
Michael Levine is a partner in Hunton Andrews Kurth LLP’s Washington, DC office and a leader of the Firm’s Insurance Recovery Practice. He offers insights into the legal side of the risk management space and the important role that attorneys play in creating a system of checks and balances in the insurance space and offers insights from his experience to young professionals considering a career at the intersection of insurance and law.
Key Takeaways:
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Michael shares insights into his work at Hunton Andrews Kurth.
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Being an attorney who practiced in insurance was not a childhood dream of Michael’s.
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After becoming an attorney, the decision to specialize in insurance coverage was an easy one.
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Michael has practiced both in favor of the policyholder as well as on the carrier side.
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What were Michael’s reasons for switching back and forth between the policyholder and carrier sides multiple times?
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The biggest misconceptions about the motives and actions of attorneys in the insurance space.
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What does it really mean if a lawyer gets involved in a claims case?
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The real reason Michael uses the term “policyholder” instead of “insured.”
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Attorneys are in place to provide a healthy system of checks and balances within the insurance industry.
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Maximizing insurance recoveries means giving policyholders everything they're entitled to.
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When is the right time to get an attorney involved in insurance policies?
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Once counsel gets involved, whether the broker has done their job makes all the difference in the outcome of the claim.
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Michael’s opinion on the high percentage of insurance payouts that ends up in attorney’s pockets.
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Acquiring new clients through marketing and networking, because repeat business is not good business in policyholder litigation.
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Michael reveals the biggest lessons learned from his years of practicing law in the insurance space.
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Tips for picking up the technical language of the insurance world.
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It’s all meaningful; Michael’s advice for finding the issues that mean something to you and righting a wrong.
Mentioned in This Episode: