Q:  Does Old Republic require collateral for the insured’s deductible obligations? If so, what forms of collateral does Old Republic consider?
A:  Yes, we do require collateral. Letters of Credits are most common followed by Trusts. Each insurance program offered by Old Republic is individually tailored to best fit the client’s insurance needs and resulting collateral requirement.

Q:  How does Old Republic determine collateral amounts?
A:  The Old Republic Account Executive is responsible for final determination of collateral amount with input from actuarial and financial resources. We will also consider utilizing our client’s own independent actuarial reports as a basis for loss projections.

Q:  Does Old Republic only write fronted liability policies?
A:  No. As the Large Account Underwriting division of Old Republic Insurance Companies, we offer risk transfer programs where our clients participate in the risk by taking a large deductible, self insured retention or captive retention for the working layer loss. 

Q:  Does Old Republic offer any bundled claims services?
A:  No, we do not have any bundled claims services. Our customers believe an unbundled TPA relationship offers the best platform to control their insurance costs.

Q:  What type of claims supervision does Old Republic offer it’s customers and what are the costs?
A:  Old Republic has a department of seasoned claims supervisors who assist our clients on claims and oversight of the TPA’s. Each client has the opportunity at program inception to discuss the involvement of Old Republic claim supervisors in their claims, whether its just for large claims or more general oversight of the TPA. In addition, the cost for our claim supervisions services are included in your quoted premium and not separately charged.

Q:  What Third Party Claims Administrators (TPA’s) does Old Republic permit?
A:  We use many TPA’s in our business and Old Republic is generally regarded as the most flexible insurance company to deal with, especially amongst the TPA community. We do not publish a list of approved or disapproved TPAs. Each proposed TPA is individually evaluated before policy inception.

Q:  Can Old Republic permit it’s insureds to change TPA’s during or after the policy term?
A:  Yes. Old Republic is willing to permit changing TPA’s on our policies. Our approval is contingent upon a thorough evaluation of the TPA’s and whether the movement of loss data from one TPA to another is properly coordinated, to maintain program integrity. There will be a transaction fee, depending on the complexity of the transaction.