Marsh has announced the availability of a new, proprietary Excess layer-to-layer coverage inconsistencies, including duty to defend language and "other insurance" clauses, can sometimes lead to claims being denied or payments delayed when organizations most need protection: following a catastrophic liability claim. In addition to other enhancements, Marsh XSellence addresses many of the common inconsistencies found in carrier-drafted excess policies that purport to follow underlying coverage forms. This includes providing explicit language as to which policy the coverage follows.
"Using Marsh's longstanding and extensive claims advocacy experience, technical expertise, and market leadership, Marsh XSellence has been designed to mitigate ambiguities in excess policies and bring greater contract certainty to our clients," said Tony Tam, Marsh's US Excess Casualty leader. "With proper attention paid to addressing these excess policy inconsistencies, we are taking a big step in making ‘follow form' a reality."
Marsh currently has more than $250 million in market capacity committed to the Marsh XSellence form with additional capacity expected in the second quarter.