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Arrowpoint Capital Claims Executive Named 2014 CLM Litigation Management Professional of the Year
Arrowpoint Capital Claims Executive Bob Baer has been named 2014 Litigation Management Professional of the Year by the Claims & Litigation Management (CLM) Alliance, a national organization created to meet the needs of professionals in the claims and litigation management industries.
Bob was presented his award at the CLM Annual Conference in Boca Raton, FL, on April 10.
Bob was recognized for his work in implementing the Arrowpoint Capital litigation management strategy, which included the introduction of the largest alternative fee program ever completed in the insurance industry. The program reduced the number of firms working with Arrowpoint from 3,000 panel counsel to 34 primary and 15 conflict firms while achieving 36% savings on legal fees and expenses.
As manager of Arrowpoint’s Claims Litigation Management Unit, Bob implemented a strategy of settlement days for the company’s construction defect and workers’ compensation claims. By segregating files according to plaintiff firms and then leveraging the volume of files within each firm, Arrowpoint has been able to work with specific firms on various ‘settlement days’ to achieve appropriate claims resolution on a large scale.
“Bob is dedicated to the field of litigation management,” said Arrowpoint Capital Chief Claims Officer Julie Fortune. “He clearly understands the positive financial impact of a well-thought-out and strategic initiative.
“Bob does not hesitate to assist attorneys, risk managers and claim professionals who seek his advice on such programs. He has seen litigation management from all sides given his work and experience as an attorney, litigation manager, legal bill auditor and claims executive. He is an expert and deserves to be recognized for his many contributions to the industry.”
About the CLM
The Claims and Litigation Management Alliance (CLM) promotes and furthers the highest standards of claims and litigation management and brings together the thought leaders in both industries. CLM’s Members and Fellows include risk and litigation managers, insurance and claims professionals, corporate counsel, outside counsel and third party vendors. The CLM sponsors educational programs, provides resources and fosters communication among all in the industry. To learn more about the CLM, please visit www.theclm.org.
About Arrowpoint Capital
Formed in 2006, Arrowpoint Capital provides expertise in claims administration and auditing, investment management, litigation management, business repositioning and run-off operations. The company continues to build on its experience in run-off insurance operations to manage claims and satisfy policyholder obligations.