Skip to main content
Marsh logo

Liability Claim Inventory Workout

Resolving open claims efficiently and effectively.

Streamlining the resolution of open liability claims is crucial for organizations seeking to minimize risks and optimize their financial performance. At Marsh, we understand the challenges that open claims can place on your balance sheet, introducing volatility and potential litigation. That's why we offer our comprehensive Liability Claim Inventory Workout (LCIW) service, designed to help bring early resolution to your open claims, reduce litigation risks, and lower claim costs.

Our LCIW service can help organizations like yours that are facing a range of challenges related to open liability claims. Whether you have a growing number of open claims, increasing litigation ratios and expenses, or have recently undergone a change in claims administrators, our dedicated team of claim specialists can help. We also assist organizations looking to improve communication between risk management and legal departments, as well as those with discontinued operations or newly acquired business units. Additionally, we provide potential solutions for organizations facing increasing collateral requirements.

Increasing claim closures: Achieve greater efficiency and results

The primary goal of our Liability Claim Inventory Workout service is to help you achieve increased claim closures. Through our proven methodology, we can help you resolve claims promptly and effectively. Our LCIW services has helped some organizations improve their overall closure rate by over 67%. Additionally, for some clients, our LCIW services have helped increase first-year closings by approximately 5%, providing these clients with tangible results in a shorter timeframe. LCIW does not guarantee any result, including the outcome of any potential claim, but our proprietary resolution metrics give you valuable insights into the progress and success of your claim closure efforts.

Litigation avoidance and mitigation: Proactive strategies for success

Avoiding or mitigating litigation is a key objective for any organization. We offer a range of proactive strategies to help you reduce litigation-related risks. We evaluate defense firms to help you analyze  legal representation, conduct litigation roundtables to identify potential risks, and develop specialty settlement strategies tailored to your unique circumstances. By taking these proactive measures, we can help you to potentially reduce the risk of litigation and its associated costs.

Financial volatility management: Stability and control

Managing financial volatility is essential for organizations looking to maintain stability and control. Our LCIW service provides solutions to reduce reserve volatility, with the goal of helping better assess that your financial projections remain accurate and reliable. Our expert settlement evaluations help you make informed decisions, and we work closely with you to mitigate potential accrual increases. With our support, you can better navigate the financial complexities of open liability claims.

Navigating complex claim portfolios: Our expertise at your service

We understand that liability claim portfolios can be complex and overwhelming. However, leaving these claims unresolved can lead to significant costs for your organization. With our proprietary solution, our dedicated team of claim specialists will work closely with your internal or third-party claims administrator. Together, we will identify barriers to settlement and devise tailored strategies to overcome these challenges. Our approach ensures that open claims within the scope of the project receive the attention and resolution they deserve.

Contact us to learn more about our LCIW service and take the first step towards resolving your open claims efficiently and effectively.

Our expertise

Related services

Talk to us

Contact us to get in touch with an industry or risk subject matter expert, learn more about a specific solution or submit a sales/RFP inquiry.

Contact us