Legacy Indemnity Corporation

We Resolve Workers Compensation Medical Claims

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About

Legacy Indemnity Corporation

For the First Time: Resolve Workers Compensation Medical Claims with a Low, or No Probability of Settlement.

For decades, insurance carriers and self-insureds have carried workers compensation claims that, due to specific state statues, cannot be settled or closed with respect to their medical exposure. While the indemnity side of these claims has likely been closed, the insurer is burdened with maintaining the long-tail reserving requirements as well as overseeing ongoing claim management. Legacy has created a new product that removes these claims from our clients’ books.

AVAILABLE IN ALL STATES

Close files with low probability of settlement, reduce case reserves, collateral and bonding requirements while
eliminating administrative costs.

About
our process

OUR PROCESS

Now you can effectively close workers compensation cases with open medical exposure, take down the reserves, and remove the risk and burden of managing them. We employ an active strategy to help you identify qualified cases and provide the mechanisms to fund future exposures to facilitate finality.

We work with insurance companies, self-insureds and third party administrators.

how It Works

MEDICAL COST ANALYSIS

Each claim is pre-qualified using our underwriting guidelines. Legacy then performs a medical cost evaluation to determine the future medical exposure for the remaining life of the claimant.

REINSURANCE AGREEMENT

You fund the future medical exposure via a reinsurance agreement. Similar to an annuity, the reinsurance agreement is from an A or A+ rated life insurance company. See Our Partners for the life companies Legacy utilizes.

EXCESS COVERAGE POLICY

Legacy issues an excess policy with limits on a per claimant basis, on top of the reinsurance agreement. If at any time for the remaining life of the claim the reinsurance agreement is not adequate to cover the current medical expenses, the Legacy excess policy will respond.

CLAIM FILE TRANSFER

You can now administratively close your existing claim file. The file is then transferred to a qualified claims TPA for future handling and reporting. Legacy pays the TPA fees going forward and provides close oversight management of the claim.

Client Benefits

CLAIM FINALITY

Take down your case reserves and administratively close your claim file. You may be able to close your file for less than current case reserves.

REDUCE ADMIN BURDEN & COST

Reduce administrative burdens as you no longer need to oversee the claim handling and claim reporting and Legacy takes over the cost of claims administration!

COLLATERAL & BONDING RELIEF

By reducing case reserves, you should realize reduced collateral and bonding requirements from carriers and state insurance departments.

TAX ADVANTAGES

The cost of closing your file is an expense that can offset any realized gains in the reduction of case reserves.

Discover the Legacy finality solution for your open workers compensation claims.
our process
Management

Management

Legacy Indemnity Corporation is a mission-driven company with an experienced management team that leads with integrity, logic and passion. We welcome you to contact us to learn more and discuss how we can make a positive impact on your claims portfolio.

Brian Fillion

Brian Fillion

President

David Benglian

David Benglian

Vice President / Corporate Secretary

Todd Bales

Todd Bales

Treasurer

David Cherry

David Cherry

Corporate Counsel

Management
"Get your open Workers’ Compensation Medical Claims off your books today!"
Legacy Indemnity Corporation
Partners

Partnerships

Partners

GET IN TOUCH

If you represent an insurance company, a self-insured or TPA, it is time you discovered our breakthrough finality solution for your open workers compensation medical claims.