In the complex world of insurance and risk management, subrogation plays a critical role in helping organizations recover funds after a loss. George Hills, a leader in subrogation recovery services, is at the forefront of this important field, providing clients with top-tier solutions to recover costs and enhance their financial standing.
Subrogation is a fundamental process in the insurance industry that allows an insurer to pursue a third party that caused an insurance loss to the insured. It involves stepping into the shoes of the insured to claim recovery from the responsible party, thereby reducing the insurer’s losses and potentially leading to lower insurance premiums for the policyholder.
For businesses and municipalities, subrogation can mean the difference between absorbing a significant financial loss and reclaiming the funds necessary to continue operating effectively. Understanding its importance, George Hills has honed its subrogation recovery services to deliver maximum financial recovery for its clients.
At George Hills, the approach to subrogation recovery is meticulous and client-focused. With a team of seasoned professionals and a commitment to thorough investigation, George Hills explores every potential recovery opportunity. Their experts combine industry knowledge with strategic negotiation skills, ensuring that clients receive the compensation to which they are entitled.
“We work aggressively and professionally to maximize recovery on behalf of our clients, helping them recover funds that are rightfully theirs,” said Chief Executive Officer John Chaquica. “We maximize recoveries through our diligent approach and expert handling of each case.”
George Hills has a strong track record of successful subrogation recoveries. For example, in a recent case a tow truck towing a large vehicle damaged a pedestrian overpass due to narrow overhead clearance as a result of their towing load. The resulting damage was significant. The George Hills Subrogation Recovery team orchestrated several moving parts to resolve the claim effectively, including an in-depth investigation, communication across departments, and preparation and submission of a demand package. The resulting resolution was more than $290,000, and covered all costs to the client sustained as a result of the responsible party’s negligence.
The benefits of George Hills’ subrogation services are clear. Clients experience reduced financial losses, improved cash flow, and potential reductions in insurance premiums. These services not only support immediate financial recovery but also contribute to long-term financial health by minimizing the impact of unexpected losses.
George Hills’ focus on thorough investigations performed by skilled professionals ensures robust financial recoveries. For municipal agencies seeking to reclaim lost funds and improve their financial health, George Hills stands out as a trusted partner in the subrogation recovery process.
To learn more about George Hills’ subrogation recovery services and how they can benefit your organization, visit georgehills.com.
George Hills, celebrating its 70th anniversary this year, provides liability and property claims administration services, litigation management services, subrogation recovery, investigative services, and joint powers authority management to more than 400 public agencies in California, including 200 cities, nearly ALL counties, and nearly 100 school districts. Since its founding in 1954, George Hills’ emphasis on high-quality public entity adjusters, continuous improvement, and excellent client service has put it on the forefront of California public entity casualty claims adjusting.