what us a insurance recovery lawyer

Essentially, an insurance recovery attorney is a lawyer that specifically works with issues relating to insurance companies and property damage. This is a highly specialized field due to the fact that property damage matters can be complex, and insurance companies tend to be large opponents with vast resources at their disposal.

Full Answer

Why hire an insurance recovery lawyer?

Fundamentally, our insurance recovery lawyers are international, collaborative, and experienced, offering a practical approach to addressing your insurance recovery needs. As a top-ranked, policyholder-focused practice, we have assisted some of the world’s largest companies in resolving their complex insurance disputes.

What are insurance recoveries?

Insurance Recoveries means any proceeds from insurance policies or other sources covering any loss or effect to the extent used to mitigate losses or replace damaged or destroyed assets or properties.

What is life sciences insurance recovery insurance?

Life Sciences Insurance Recovery Insurance is an important piece of the portfolio of assets of any life sciences company, but as you know, the variety of policies – product liability, directors and officers, cyber, clinical trials, property, crime and fidelity – may seem endless and overwhelming.

Why choose Reed Smith’s insurance recovery group?

Frequently, the policies require resolution of disputes in international arbitration. Reed Smith’s Insurance Recovery Group is experienced in these areas and has significant international arbitration experience in Latin America, Singapore, London, Paris, New York, Bermuda, and other locations across the globe.

What is professional liability insurance?

Professional liability (aka errors and omissions E&O)) insurance is an essential risk management tool, but with many potential pitfalls. We help you and your business understand the coverage you have, its potential gaps and how to fill them. If you have a claim, we bring our experience to the negotiating table and, if need be, to the courtroom. We have successfully persuaded insurers to reverse flat-out coverage denials, defend professional liability claims, approve and fund settlements, and pay judgments. While our foremost goal is to prevent you from having to fight a two-front battle in defense of the liability claim and against your insurers when circumstances require, we have your back.

What insurance do you need for embezzlement?

Whether you are impacted by embezzlement or other dishonest conduct by employees or agents, counterfeit documents, forgeries, theft or fraud by third parties, you may have insurance under various forms of fidelity bonds or commercial crime insurance to protect you. Even so, the path from the discovery of loss to recovery can be treacherous, with many potential traps for the unwary. We will help you avoid these pitfalls and achieve the maximum recovery to which you are entitled. Our lawyers will guide you throughout the entire process, investigating the loss, preparing proofs of loss, coordinating cooperation with and investigations by carriers, and marshalling evidence and testimony to support a claim.

What is insurance in life sciences?

Insurance is an important piece of the portfolio of assets of any life sciences company , but as you know, the variety of policies – product liability, directors and officers, cyber, clinical trials, property, crime and fidelity – may seem endless and overwhelming. Our insurance recovery lawyers have the breadth and depth ...

Does CGL insurance cover slander?

Are you maximizing your insurance coverage for lawsuits brought against your company? If your company has been sued by a third party for property damage, personal injury or certain torts such as libel or slander, CGL policies may pay for your company’s defense costs as well as the costs of any settlement or judgment. CGL insurance policies present myriad issues both at the front end, when you are purchasing coverage and later, when you need to access that coverage. Our experienced lawyers will navigate and counsel your company through these issues.

Does Reed Smith offer cyber insurance?

With new forms appearing daily, cyber insurance coverage is particularly daunting, even for savvy insurance buyers. At Reed Smith, we have pioneered negotiating data privacy and security liability insurance policies since they first were introduced to the market. We will help you analyze your options and negotiate the best available coverage terms. If you suffer a loss arising from a cyber incident (including investigation costs), we help navigate claim presentation, negotiation and, if necessary, litigation or arbitration.

Is asbestos litigation active?

Asbestos and environmental insurance coverage litigation continues to be active. We have litigated every conceivable issue in asbestos and environmental insurance coverage disputes, including triggers, number of occurrences, allocation, self-insured retentions, aggregate limits, exhaustion and corporate successor rights. Even if you can’t find your policies, our team of insurance archaeologists and allocation analysts have successfully reconstructed entire historical insurance programs and policies, ultimately resulting in successful recoveries. We have obtained billions of dollars in insurance recoveries, litigating, negotiating and settling asbestos and environmental coverage cases against the full laundry list of general liability insurance carriers and we can do the same for you.

Overview

Since the 1980s, the Lowenstein Sandler Insurance Recovery group has represented corporate and governmental policyholders and has obtained billions of dollars in insurance recoveries.

EXPERIENCE

Served as coverage counsel in a large construction defect litigation involving a multimillion-dollar development along the Hudson River. Secured insurance recoveries in excess of $25 million from a variety of insurers.

PODCASTS

May 20, 2021 "Cyber Insurance Coverage Market: A House of Cards or Temporary Plateau?"

PUBLICATIONS

February 28, 2020 "I launched a 'women's initiative' at my law firm to help younger employees gain access to more senior leadership. Here are 5 things we did right., " Business Insider

IN THE MEDIA

Lynda A. Bennett, partner and Chair of Lowenstein’s Insurance Recovery Group, comments in Law360 on a recent decision by Ohio's Second Appellate District Court finding that damages caused by a loss of system access due to a ransomware attack could be considered tangible and thus covered by a company’s property insurance.

What does a disaster attorney do?

When disaster strikes, our attorneys work with clients to secure coverage under property insurance policies, allowing the client to get back business as soon as possible. We then develop a tailored strategy, working with outside financial consultants when necessary, to evaluate the financial impact on our client’s income and profits and to maximize the recoverable amount from its insurance companies.

Is malpractice a financial risk?

Malpractice claims are not just a financial risk. They also can threaten a service provider’s reputation. We frequently help clients pursue coverage for the defense and settlement of such claims.

Do insurance companies have attorneys for kidnap and ransom?

There are not many insurance recovery firms that include attorneys who have actually litigated a claim under a Kidnap & Ransom policy; our attorneys have. Kidnap & Ransom policies are increasingly becoming standard parts of the insurance portfolios of any major multinational corporation. These policies are very different from most other forms of commercial insurance beginning with how they are activated and continuing through a policyholder’s obligations throughout the ordeal. Our attorneys ensure that any company faced with a kidnap or extortion crisis can focus on the kidnapped person’s safe return without jeopardizing insurance coverage.

What is insurance recovery?

Insurance recovery is directly correlated to the exposures that companies face with everything from natural disasters to sudden changes in law. Jones Day Insurance Recovery Practice Leader Ty Childress discusses the management of risk, coverage, and upcoming changes in the insurance industry.

Who is Jones Day's recovery practice leader?

Jones Day Insurance Recovery Practice Leader Ty Childress discusses the insurance implications relating to COVID-19, including employee health and safety concerns, the importance of reviewing language, determining what constitutes a "physical loss," and what business operators must do now.

Where are client matters handled?

Client matters, in jurisdictions throughout the United States, London, Bermuda, and elsewhere around the world, are handled from more than 30 integrated global locations.

Is Jonesday legal advice?

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.

The Sherman & Howard Difference

Our Insurance Recovery team is familiar with the kinds of insurance products that are available to our clients, and frequently provides advice on the coverage that is available under existing policies and an additional insurance that should be procured.

Our Approach

With a broad and deep understanding of insurance law and the pathways that lead to coverage for disputed claims, we help policyholder clients at every stage, from insurance procurement and policy renewal through claims assessment and review, and dispute resolution. We guide clients through both negotiated settlements and high-stakes litigation.

What is Recoverymax insurance?

The RecoveryMAX ® Insurance Recovery Database is designed to offer policyholders the ability to store, organize and make sense of their current and historic liability insurance policies. The RecoveryMAX ® Insurance Recovery Database is custom-tailored for each client and contains information from multiple lines of insurance policies to help policyholders in recovering from insurance companies for long-tail liability claims. RecoveryMAX links to insurance policy images and contains insurance policy information regarding, for example, limits, exclusions, deductibles, policyholders and retrospective premiums -- all of which are analyzed from a legal perspective to facilitate and expedite maximum recovery of insurance proceeds.

Does Anderson Kill represent insurance companies?

Anderson Kill stands alone among other law firms in its ability to provide conflicts-free advice to policyholder-owned captives, given the firm’s longstanding commitment to representing only policyholders and not insurance companies.

What is insurance recovery?

Insurance Recoveries means any funds recovered by the Insurance Litigation Trust, except for any recoveries attributable to payment of defense costs recovered in the OneBeacon Adversary Proceeding or otherwise. Insurance Recoveries means the proceeds of any claim against any insurance policy maintained by EDS or EIS with respect to ...

What does "recoveries" mean in insurance?

8. Remove Advertising. Insurance Recoveries means the rights to any and all proceeds, including. Sample 1. Sample 2. Sample 3. Based on 3 documents. 3. Insurance Recoveries means any proceeds from insurance policies or other sources covering any loss or effect to the extent used to mitigate losses or replace damaged or destroyed assets ...

What is an insurance intermediary?

insurance intermediary means any natural or legal person, other than an insurance or reinsurance undertaking or their employees and other than an ancillary insurance intermediary, who, for remuneration, takes up or pursues the activity of insurance distribution;

What is a health insurance receivable?

Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

What is a subsequent recovery?

Subsequent Recoveries As of any Distribution Date, unexpected amounts received by the Master Servicer (net of any related expenses permitted to be reimbursed pursuant to Section 3.04) specifically related to a Mortgage Loan that was the subject of a liquidation or an REO Disposition prior to the related Prepayment Period that resulted in a Realized Loss.

What are other considerations when settling claims under this Insurance Recoveries?

Other considerations when settling claims under this Insurance Recoveries If any recovery of Money, Securities or Property lost following a Fraudulent Act is made by You or Us the recovery will be held for Our benefit.

What is an insurance company's general account?

Insurance Company's General Account (s) means the general account (s) of Insurance Company and its affiliates which invest in the Fund.

How many lawyers does Pillsbury have?

Pillsbury’s Insurance Recovery & Advisory group is one of the country’s largest and most diverse insurance departments, with more than 50 dedicated lawyers in Washington, DC, New York, Los Angeles, San Francisco, Miami and Houston.

What is the approach to problem solving and litigation?

Our approach to problem solving and litigation is rigorous, quantitative, pragmatic and technically sound. Often we make use of in-house nonlawyer engineering and insurance staff.

What is Pillsbury insurance?

Pillsbury’s Insurance Recovery & Advisory team represents corporate policyholders across the U.S. from the earliest stages of policy language negotiations through claims, arbitrations, litigation, trial and appeals. We provide guidance on business issues, such as the interplay between insurance and contractual and statutory indemnification, insurance insolvencies, as well as due diligence and insurance as a part of overall risk management and crisis management programs.

Who sued Victaulic Company?

In 2012, without any warning, insurance giant AIG sued Victaulic Company, the world’s leading producer of mechanical pipe joining solutions, seeking to take back more than $340 million of product liability insurance policies dating back more than a decade.

Is Pillsbury engaged in coverage disputes?

Pillsbury is engaged in numerous significant and often headline-grabbing coverage disputes for our clients, including:

Who does the Delaware appraisal law firm represent?

Represent dozens of public and private companies and their boards in resolving securities class actions, derivative actions, merger objection, event driven litigation, and Delaware appraisal proceedings, serving as coverage and settlement counsel. Clients include the largest public utilities and energy companies, and leading financial institutions, IT, software, entertainment, healthcare and transportation companies.

Is Law360 an insurance firm?

It was recently named a Law360 “Insurance Practice of the Year” for a fourth time (receiving the honor in 2020, 2016, 2015 and 2010), and is nationally ranked in Chambers USA. Housed within our highly respected global law firm, the Insurance group boasts market-leading bona fides, and leverages the firm’s substantive experience in virtually every practice area.