Addressing Agency Defalcation Requires Meticulous Attention To Detail
In partnership with national title insurance underwriters, the attorneys of Hein Schneider & Bond have handled a number of matters involving and arising from large agency defalcation, some beginning the moment the agency’s doors have closed.
In these situations, we work closely with the insurer’s management team to:
- Assess and manage the wind down of business
- Minimize losses
- Preserve evidence and files
- Manage press coverage associated with the agency’s closing
Our attorneys aid in the company’s investigation, and handle recoupment and recovery actions against the agency and its owners, also representing the company in any adverse litigation arising as a result of its agent’s defalcation.
You have right to recoup losses under your agency agreement. We endeavor to always consider the recoupment, recovery and subrogation possibilities upon retention, whether the claim is resolved through cooperative measures, settlement or judgment to ensure that the Insurer is in the best possible position to recover for the losses from the parties responsible.Through our recoupment and recovery efforts, we have recovered millions of dollars for Insurers.