David J. Korch, Structured Settlement Consultant
Experience:
David J. Korch, AIC, SCLA is a national resource in the negotiation and settlement of workers compensation claims and third party claims with a workers compensation component through the utilization of structured settlements. He has been in the insurance industry for over 30 years as a multi-line claim handler, supervisor, claim manager, home office claim consultant and structured settlement broker. He was associated for over 17 years as a large loss settlement consultant with structured settlement programs at The Travelers and The Hartford specializing in the settlement of workers compensation claims.
During his tenure at The Hartford he held positions as a Home Office Consultant and assistant director in the Secured Benefit Services division where he had oversight of The Hartford’s retained assets program and assisted workers compensation and liability claim personnel in all claim offices with proactive handling and resolution of complex catastrophic injury claims through the utilization of all available settlement tools including structured settlements, Medicare Set-Aside Accounts, Medicaid disability trusts, custodial medical accounts and high risk health insurance pools. He led the development of the in-house Medicare Allocation unit reflecting a savings of approximately $1.26 million annually in vendor expenses.
He was the recipient of the 1996 Chairman’s Award of Excellence for work with quadriplegics, paraplegics and traumatic brain injury claims in workers compensation, 1996 recipient of P&C Claim Award of Excellence for work in resolution of quadriplegic, paraplegic and traumatic brain injury claims in Worker’s Compensation with excess of $70 million in documented savings. He has been involved with hundreds of face to face negotiations and mediations on all cases involving quadriplegic, paraplegic and traumatic brain injured workers.
He has been a guest speaker before the Workers Compensation Committee of the American Bar Association on Medicare (2004), the NC Academy of Trial Lawyers on Medicare Set Asides (2007), as well as various local bar association meetings. He is a member of PMSI MSA Advisory Counsel and the National Association of Medicare Set Aside Providers.
Prior to entering into the structured settlement industry he was a multi-line claim representative, supervisor, unit manager and home office consultant supervising workers compensation, liability and property claims.
Education:
He holds a BS in Music Education, West Chester University, West Chester, PA. and an Associate in Claims from the American Education Institute and is a Senior Claims Law Associate through the American Education Institute. He is certified as a Continuing Education Instructor in Casualty Claims throughout the United States.
Personal Information:
During his spare time he assists, as a volunteer, with his local school district music programs and is Vice-President of the Governor Mifflin Music Association. He is also actively involved with his church.