The Claims and Litigation Management Alliance (CLM) will be hosting the "2015 Litigation Management Institute and Coverage Perspectives" conference from October 22-25, 2015 at Columbia Law School in New York City. Dan Costello will be speaking in the "Coverage Perspectives" course which explores the "tri-party" relationship between the insurer, the insured, and defense counsel and highlights some of the nuances of how insurance coverage can influence the handling of defense litigation.More information can be found at these links: 2015 LMI Conference"Coverage Perspectives" Course
CLM Annoucement: "Mr. Daniel Costello to Speak at the 2015 CLM Litigation Management Institute" Mr. Daniel Costello, Managing Partner, Daniel P. Costello & Associates, LLC will be speaking on the following, “2015 Litigation Management Institute and Coverage Perspectives.” This conference will be hosted at Columbia Law School in New York City from October 22-25. Dan Costello, managing partner of Daniel P. Costello & Associates, LLC, has years of experience concentrating in construction litigation, complex litigation, litigation management, professional liability, and insurance coverage matters. He actively works with insurance companies to improve their litigation management and claims handling protocols. He has also acted as an Instructor at the Litigation Management Institute (LMI) hosted at Columbia Law School in New York. In 2014 he was recognized as a finalist for CLM Outside Counsel of the Year award.In addition to his substantial legal experience where he has handled over 100 major jury trials, arbitrations, and mediations, he also has substantial corporate business experience. In his time working for a Fortune 500 insurance company he became the youngest AVP of Claims Litigation in the history of the 90 year old company rising to the position in only five and half years. During that time he also focused his attention on litigating the most complex and catastrophic loss cases across the country.His bar admissions include the United States Supreme Court, the United States 7th Circuit Court of Appeals, U.S District Court for the Northern District of Illinois Trial and General Bar, U.S. District Court for the Northern District of Indiana Trial and General Bar, the Illinois Supreme Court, Pro Hac Vice to the Supreme Court of North Dakota 2005, Pro Hac Vice to the Supreme Court of Louisiana 2005, and other states.In addition to the CLM, Mr. Costello has also lectured all over the country to insurance companies, businesses, and Fortune 500 companies. He has presented on litigation management, ethical considerations, and construction contracts. He has been recognized as an innovator and leader in integrating law and technology. He has worked with state and federal courts, in the non-profit sector, advising on utilizing the web to promote the spread of information and the rule of law. He is also active in his community contributing legal services and acting as an Executive Council member for the Cara Program. He is also on National Alumni Board for Lewis University.
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.
Contact:
Susan Wisbey-Smith, Communications Manager, Claims and Litigation Management Alliance. 847-317-9103, susan.wisbey-smith@theclm.org
CLM PRESS RELEASE: Mr. Daniel Costello to speak at the 2015 CLM Annual Conference.
Mr. Daniel Costello, Managing Partner, Daniel P. Costello & Associates, LLC is speaking on the topic “LITIGATION MANAGEMENT - The New Normal- The Future of Best Practices For Counsel and Claims.” The annual conference will be held in Palm Desert, California, March 25-27, The CLM Annual Conference is the premier annual event for professionals in the claims and litigation management industries.
Dan Costello, managing partner of Daniel P. Costello & Associates, LLC, has years of experience concentrating in construction litigation, complex litigation, litigation management, professional liability, and insurance coverage matters. He actively works with insurance companies to improve their litigation management and claims handling protocols. He has also acted as an Instructor at the Litigation Management Institute (LMI) hosted at Columbia Law School in New York. In 2014 he was recognized as a finalist for CLM Outside Counsel of the Year award.In addition to his substantial legal experience where he has handled over 100 major jury trials, arbitrations, and mediations, he also has substantial corporate business experience. In his time working for a Fortune 500 insurance company he became the youngest AVP of Claims Litigation in the history of the 90 year old company rising to the position in only five and half years. During that time he also focused his attention on litigating the most complex and catastrophic loss cases across the country.
His bar admissions include the United States Supreme Court, the United States 7th Circuit Court of Appeals, U.S District Court for the Northern District of Illinois Trial and General Bar, U.S. District Court for the Northern District of Indiana Trial and General Bar, the Illinois Supreme Court, Pro Hac Vice to the Supreme Court of North Dakota 2005, Pro Hac Vice to the Supreme Court of Louisiana 2005, and other states.In addition to the CLM, Mr. Costello has also lectured all over the country to insurance companies, businesses, and Fortune 500 companies. He has presented on litigation management, ethical considerations, and construction contracts. He has been recognized as an innovator and leader in integrating law and technology. He has worked with state and federal courts, in the non-profit sector, advising on utilizing the web to promote the spread of information and the rule of law. He is also active in his community contributing legal services and acting as an Executive Council member for the Cara Program. He is also on National Alumni Board for Lewis University.
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.
Contact: Susan Wisbey-Smith, Communications Manager, Claims and Litigation Management Alliance. 847-317-9103. susan.wisbey-smith@theclm.org
Daniel Costello, Managing Partner, Daniel P. Costello & Associates, LLC will be speaking on the topic, “Coverage Perspectives.” Hosted at Columbia Law School in New York City, the Litigation Management Institute (LMI) is the first certification program specifically designed to provide a comprehensive understanding of the business of litigation management.Dan Costello, managing partner of Daniel P. Costello & Associates, LLC, has years of experience concentrating in construction litigation, complex litigation, litigation management, professional liability, and insurance coverage matters. He actively works with insurance companies to improve their litigation management and claims handling protocols. He has also acted as an Instructor at the Litigation Management Institute (LMI) hosted at Columbia Law School in New York. In 2014 he was recognized as a finalist for CLM Outside Counsel of the Year award.In addition to his substantial legal experience where he has handled over 100 major jury trials, arbitrations, and mediations, he also has substantial corporate business experience. In his time working for a Fortune 500 insurance company he became the youngest AVP of Claims Litigation in the history of the 90 year old company rising to the position in only five and half years. During that time he also focused his attention on litigating the most complex and catastrophic loss cases across the country.
His bar admissions include the United States Supreme Court, the United States 7th Circuit Court of Appeals, U.S District Court for the Northern District of Illinois Trial and General Bar, U.S. District Court for the Northern District of Indiana Trial and General Bar, the Illinois Supreme Court, Pro Hac Vice to the Supreme Court of North Dakota 2005, Pro Hac Vice to the Supreme Court of Louisiana 2005, and other states.In addition to the CLM, Mr. Costello has also lectured all over the country to insurance companies, businesses, and Fortune 500 companies. He has presented on litigation management, ethical considerations, and construction contracts. He has been recognized as an innovator and leader in integrating law and technology. He has worked with state and federal courts, in the non-profit sector, advising on utilizing the web to promote the spread of information and the rule of law. He is also active in his community contributing legal services and acting as an Executive Council member for the Cara Program. He is also on National Alumni Board for Lewis University.
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.
Contact: Susan Wisbey-Smith, Communications Manager, Claims and Litigation Management Alliance. 847-317-9103. susan.wisbey-smith@theclm.org
Dan Costello has been selected as of one of four finalists for the Claim and Litigation Management (CLM) Outside Counsel Professional of the Year. This prestigious national award is in its third year and seeks nominations from its 25,000 plus members recognizing the efforts of counsel across the county who have transformed claims and litigation management best practices with innovative and effective solutions. Dan was the only attorney from the Midwest who was nominated as a finalist. The winner of the award will be chosen by the Advisary Board of CLM at the National Conference in Boca Ration Florida on April 9, 2014. The CLM is the only national organization created to meet the needs of professionals in the claims and litigation management industries.In addition to his day to day work litigating complex and construction claims, Dan Costello was recently recognized as an instructor on coverage litigation at the Litigation Management Institute (LMI) held at Columbia Law School in New York, and holds a Certified Ligation Management Professional (CLMP) designation.
For further information, please see March 7 announcement:
For Immediate Release
March 7, 2014
CLM Professionals of the Year Finalists Accounced
New York, NY – The finalists in the 2014 CLM Professionals of the Year Award Program, sponsored by Ringler Associates, have been selected. Because of the large quantity of exceptional nominees, four finalists have been chosen in each category. Finalists were chosen based on their commitment to the profession, leadership in the industry and contribution to the financial success of their company or clients.
The finalists will be recognized and the award winners will be announced on April 9 at the CLM Annual Conference in Boca Raton, Florida. Members of the CLM Advisory Board will select one winner in each of the three categories.
Claims Management
• Jeff Bilitz, Claims Director, West Bend Mutual Insurance Company
• Angela Henderson, Claims Manager, BerkleyNet
• Michael Mattix, General Counsel, Chief Claims Officer, Armed Forces Insurance
• Caryn Siebert, President and CEO, Carl Warren & Company
Litigation Management
• Robert Baer, Claim Executive, Arrowpoint Capital
• Jill Dulich, Senior Director, Marriott International, Inc.
• Michelle Stegmann, Nationwide Manager/Enviro & Regional Manager/Crisis Management Claims, Starr Indemnity & Liabiltiy Company
• Jennifer Wojciechowski, Senior Claims Technical Specialist – Casualty, Community Association Underwriters of America, Inc.
Outside Counsel
• Daniel Costello, Daniel P. Costello & Associates
• William Nebeker, Koeller, Nebeker, Carlson & Haluck, LLP
• Kevin O’Toole, O’Toole Fernandez Weiner Van Lieu, LLC
• Miranda Soto, Hamilton, Miller & Birthisel LLP
About the CLM
The CLM promotes and furthers the highest standards of claims and litigation management and brings together the 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.
Contact:
Susan Wisbey-Smith
Communications Manager, The CLM
847-317-9103
susan.wisbey-smith@theclm.org
Daniel Costello, Attorney, Daniel P. Costello & Associates, LLC, will be a professor at the Claims and Litigation Management Alliance Litigation Management Institute (LMI) speaking on the topic, “Coverage Perspectives.” Hosted at Columbia Law School in New York City, LMI is the first certification program specifically designed to provide a comprehensive understanding of the business of litigation management. The program is designed to bridge the gap between legal theory and litigation strategy, and the business aspects of litigation management.
Daniel Costello, Founder of Daniel P. Costello & Associates, LLC, has years of experience concentrating in complex litigation, construction litigation, litigation management, and insurance coverage. He has successfully handled over 150 major jury trials, arbitrations, and mediations. He has an undefeated trial record, working on significant multi-million dollar cases. Mr. Costello has had handled some of the largest construction and products liability case in the state of Illinois. Additionally, he has litigated and managed cases across the country including Washington, Texas, Louisiana, North Dakota, Wisconsin, Indiana, Missouri, and Illinois. Additionally, he has substantial corporate business experience. In his time working for a Fortune 500 insurance company he became the youngest VP of Claims Litigation in the history of the 90 year old company rising to the position in only five and half years. In his time working as the head of all staff counsel operations, and directing all litigation management programs the company experienced a significant turn around. During this time the company implemented a full range of cost and litigation management tools including the use of active metrics, counsel scorecards, continuous process improvements, and systematic audits.
Mr. Costello graduated from Lewis University as an “Honors Scholar” graduating with High Honors with a Bachelor of Arts in Political Science/History. He graduated from Chicago-Kent College of Law with a Juris Doctor and a certificate in Energy and Environmental Law. He also received an post bachelor's Certificate in Leadership from Xavier University.About the CLMThe 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 http://www.theclm.org. Contact:
Susan Wisbey-Smith, Communications Manager, Claims and Litigation Management Alliance
847-317-9103
By: Dan Costello
It was a balmy 80 degrees, the skies were blue, the air was dry, and the discussions were energized. Although the location was at a resort, I was not on vacation. I was at the CLM Annual Conference where most of the blue sky talk was on business strategy, and the energy came from some of the top executives and attorneys in the corporate, insurance, and legal communities. As I listened to some of the top thought leaders in the country, I was constantly struck with the commonality in their comments. The same thought kept popping into my head . . . "Are we ready for the next big leap?" According to IBM Consulting, over 90% of the world's data has been created in just the last two years. Known as "Big Data" every mouse click, tweet, post, invoice, and settlement for companies is being recorded. What does a company do with all that data? More importantly what value does it provide the business and its partners? These are questions that face large and small organizations alike and ones currently challenging the same thought leaders. In an act of hubris creating a solution to solve these problems, I think that successful organizations will tackle the "value" question only by:
Collaboration
Although its not the first time I have blogged about this, in the era of big data information sharing is paramount. With so much data, more information sharing would seem counter-productive. But, sharing partner specific data is essential. Sharing has been done successfully in corporations, but little has been done on whole to share this externally with litigation partners. In fact, the few leading companies sharing this with their business partners are the minority. Information sharing is not a one way street, as law firm partners should help to "crowd source" or "partner source" difficult information to capture, and provide it back to their clients to help add value. Data on KPIs such as total case outcome, which is reliable, and consistent helps to triangulate and identify problems. This also helps to significantly increase the brain power to collect, analyze and distribute data.
Visibility
What good is the data if its buried in a warehouse? When a coach is deciding which player to put in at the end of the game, he relies on data. He knows who has the best average, most goals, and best shooting percentage. But guess what, the player also knows his/her stats. All the data in the world is not helpful unless its put in context. If reducing cycle time is beneficial to you and your bottom line, let your partners know of your benchmarks, and where they fall on the spectrum. Is a 30% average good or bad? Well it depends if we are talking about a batting average in baseball, or save percentage in soccer.
Reward
Value is created when reward meets opportunity. Only by creating incentives to reach a common goal does value happen. Data lets us know how close we are to success, and drives us forward to get there. By the use of real time dashboards, managers and partners can highlight success, steer business to those at the top of the pyramid, and find more ways to incorporate top performers into their organizations. After all leaders are looking for effective problem solvers, not just those who are efficient on throwing things over the wall. Thomas Edison wisely stated "many of life's failures are people who did not realize how close they were to success when they gave up." Only by collaborating with visible benchmarks will partners truly succeed and conquer big data.
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