Mr. Frederick J Bingham
Alexandria, KY 41001
Office: 630-940-5319
Frederick J. "Rick" Bingham is an insurance claims-handling and bad-faith expert with nearly 45 years as a carrier claims executive, regulator's and receiver's representative, and testifying expert. He is retained by counsel for policyholders and for insurers, and by carriers, receivers, and state insurance regulators. No court has ever excluded Rick Bingham as an expert, under Daubert, Rule 702, or any state standards.
Rick Bingham evaluates whether an insurance claim, or a whole book of claims, was handled to the standards the industry and regulators require.
Mr. Bingham began his career in claims at The Hartford, USF&G, and CNA, rising over 13 years from adjuster trainee to vice president. At CNA he designed and ran the national operation that moved environmental, asbestos and toxic tort claims out of 37 field offices, relocated tens of thousands of claim files with proper reserving and wrote the claim policy and procedure manuals. His work for and on behalf of state Departments of Insurance began in 1992. As Claims and Reinsurance Officer at the Illinois Office of the Special Deputy Receiver he billed and collected more than $100 million in reinsurance and worked with NOLHGA committees on multi-state life and annuity receiverships. Across that work he has examined more than 100 carriers and a number of third-party administrators.
In 2008, he founded Glynloen Insurance Consulting. He forms every opinion the firm renders and signs every report, supported by the firm's tech-assisted case-mapping of the full record, with each fact cited to its document page.
Mr. Bingham served 14 years on the Hearing Board, and on the Oversight Board, of the Illinois Attorney Registration and Disciplinary Commission. He holds a Bachelor of Arts in History from Centre College.
Expert witness experience. Mr. Bingham has given expert reports, depositions, and trial testimony in state and federal courts, including the Circuit Court of Leon County, Florida; the Court of Common Pleas of Richland County, South Carolina; the Circuit Courts of Cook and Will Counties, Illinois; the Circuit Court of Jefferson County, Alabama; the 192nd District Court, Dallas County, Texas; the Court of Common Pleas of Warren County, Ohio; and the U.S. District Courts for the Eastern District of Michigan, the Western District of Texas, the Western District of Kentucky and the District of South Carolina.
Representative engagements:
• Expert for the Florida Department of Financial Services in a suit against a failed insurer's directors and outside auditor; 265 claim files scored, 800+ page report, three-month trial
• Cedent's expert against a facultative reinsurer on tier 3 asbestos cessions; 40,000+ page record, 70-page report in under five weeks, 80-page rebuttal
• Claims handling and coverage in a major class action; 80,000-page record, 68-page report with 327 citations
• Excess carrier's equitable subrogation and bad-faith claims against a primary carrier; 94-page report with 445 citations
• Business income and property claims after wildfire and mudslides (250,000+ page record), the February 2021 Texas ice storms, and a major fire
• Defense of third-party administrators, including a 52-file random audit and a case dismissed after the opposing expert was stricken
• Receiver's expert in the contested liquidation of Legion Indemnity and in reserve adequacy studies across most lines of business
Practice areas: Bad faith and fair claims practices · claims handling review · property and catastrophe claims · business interruption · coverage and policy interpretation · reinsurance disputes · reserve adequacy · receivership and insolvency · market conduct and regulatory matters · defense of third-party administrators, agencies and counsel · asbestos, environmental and mass tort · life and annuity
- Bad Faith
- Fire Insurance
- Homeowner's Insurance
- Insurance - General
- Insurance Adjuster
- Insurance Customs & Practices
- Liability Insurance
- Life Insurance
- Property & Casualty Insurance
- Reinsurance
- Q: Please list your professional accreditations, degrees, licenses, and certificates granted:
- A: Bachelor of Arts, History, Centre College
- Q: Please list your affiliations or memberships in any professional and/or industry organizations:
- A: Mr. Bingham served 14 years on the Hearing Board, and on the Oversight Board, of the Illinois Attorney Registration and Disciplinary Commission.
- Q: Have any of your accreditations ever been investigated, suspended or removed? (if yes, explain)
- A: No. None of his degrees, designations or professional credentials has ever been investigated, suspended or removed. For 14 years he sat on the other side of that question, as a member of the Illinois ARDC Hearing Board.
- Q: For what area(s) of expertise have you been retained as an expert?
- A: Bad faith, extra-contractual exposure, and unfair claims settlement practices; claims handling standards and practices, including first-party property, catastrophe (wind, hail, fire, ice storm, and wildfire), and business interruption claims; coverage and policy interpretation, customs and practices; class action claims handling and coverage; excess and primary carrier disputes, including equitable subrogation and failure to settle; reinsurance disputes, including late notice, cessions, and reserving; asbestos, environmental, and mass tort claims; claim audits, file scoring, and reserve adequacy studies; market conduct examinations and regulatory matters; receivership, insolvency, estate claim adjudication, and run-off, including receivers' suits against insurers' officers, directors, and auditors; life and annuity matters; and the defense of third-party administrators, agencies, and counsel.
In these matters he has given expert reports, depositions, and trial testimony in state and federal courts. He forms every opinion, supported by Glynloen's tech-assisted case-mapping of the full record. - Q: In what percentage of your cases were you retained by the plaintiff?
- A: Retained by counsel for policyholders and estates, and by receivers and state insurance regulators in suits against insurers' officers, directors, and auditors. The same industry, regulatory, and insurer standards apply in every engagement.
- Q: In what percentage of your cases were you retained by the defendant?
- A: Retained by counsel for insurers, third-party administrators, and agencies. The same standards apply in every engagement, whichever party retains him.
- Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
- A: As a testifying expert: expert reports and rebuttal reports, and deposition and trial testimony.
As a consulting expert: claim file and claims-practice review against industry, regulatory, and insurer standards; claim audits, file scoring, and reserve adequacy studies; business interruption analysis; market conduct examinations and regulatory matters; and receivership, estate claim adjudication, and run-off.
Tech-assisted case-mapping: Mr. Bingham leads a team that builds and maps the record for each engagement, including:
• A fact chronology tying every material fact to its page
• An estimate audit trail showing how the loss estimate moved across revisions and who made each change
• A roster of every adjuster, inspector and expert in the file
• A production audit flagging missing and duplicate pages
• Verification of every quoted passage
• Timelines and exhibits for deposition and trial
He forms every opinion, signs every report, and testifies at deposition and trial. - Q: What is your hourly rate to consult with an attorney?
- A: Rates on request.
- Q: What is your hourly rate to review documents?
- A: Rates on request.
- Q: What is your hourly rate to provide deposition testimony?
- A: Rates on request.
- Q: What is your hourly rate to provide testimony at trial?
- A: Rates on request.
- Q: Please list any fees other than those stated above (E.g.: travel expenses, copy fees, etc.)
- A: Provided on request.
Available Upon Request