Insurance Recovery | McGuireWoods

Time 2020-12-12 17:04:57

Web Name: Insurance Recovery | McGuireWoods

WebSite: http://www.insurancerecoveryblog.com

ID:131888

Keywords:

Insurance,Recovery,McGuireWoods,

Description:

McGuireWoods has a long history of representing corporate policyholders on insurance matters of all kinds and helping our clients get the most from theirinsurance programs and policies. We know every aspect of insurance, from advising clients on appropriate coverage and risk management strategies, topursuing and managing claims, to litigating coverage disputes wherever and whenever it is necessary. We combine our extensive insurance recovery experiencewith the premier trial and litigation capabilities for which McGuireWoods is well known. The lawyers in our insurance group regularly litigatehigh-profile, large exposure insurance coverage actions in state and federal courts nationwide, involving a wide range of insurance contracts andcutting-edge issues.Our insurance practice focuses on representing policyholders in insurance disputes, and our track record of success speaks for itself. Since 2009, McGuireWoods has recovered more than $1 billion for policyholders. The team includes more than two dozen lawyers in multipleoffices, handling everything from coverage advice to trial. We provide counseling and handle disputes over a broad range of policies and issues, including:We have a wealth of experience in insurance matters that confront our clients. For example, several of the group s lawyers spent decades representinginsurance companies in coverage disputes and high-stakes litigation throughout the country. Others in the group have been representing policyholders incoverage disputes with insurers for most of their legal careers. This range of experience gives us greater insight into understanding how insurers evaluateclaims and litigate coverage actions; where to focus attention in discovery; and how to leverage the law, policy terms and evidence for the best result forclients.We also recognize the importance of taking proactive steps in coverage matters to reduce the expense and risk of protracted litigation. Where appropriate,we look for cost-effective interim solutions or early settlement opportunities to quickly resolve or substantially reduce the cost of insurancedisputes. Members of our team have negotiated sophisticated, innovative settlements in a variety of settings. We are adept at negotiating claim handling,interim defense costs, coverage-in-place, risk financing, buyback and other agreements terminating complex coverage disputes. We have also convened andbrought to successful conclusion multiparty negotiations involving government and private claimants, multiple carriers and insureds.Members of our insurance team frequently advise business clients regarding their risk management practices and insurance programs. We routinely provide insurance audits, working closely with policyholders and their insurance brokers to ensure that clients have in place complete packages of insurance toprotect against the risks they face. We also provide advice to corporations, banks and other business entities on insurance issues as they relate to theseand other matters:We regularly speak and write on a national level for industry organizations including the American Bar Association, RIMS, the Federation of Defense andCorporate Counsel, the Association of Corporate Counsel, Mealey s and PLI. We also frequently present client seminars and webinars regarding cutting-edgeinsurance issues. Petroleum storage and distribution company Represent one of the nation's largest operators of petroleum product terminals recovering in excess of $29 million from its property insurers for damage resulting from Hurricane Ike. Settled prior to trial. Global paper and packaging company Represented a paper mill in negotiating coverage-in-place agreement with its liability insurer related to asbestos-related liabilities. Later negotiated settlement with liability insurer after insurer was placed into receivership. Case settled before trial in original coverage suit; later claim settled without litigation. Diversified financial services company and regional bank Represented a diversified financial services company and regional bank in its claim for D&O insurance coverage, and the fidelity claim that the bank submitted under a financial institution bond for losses related to 70 loans that the bank made, totaling in excess of $14 million, to borrowers who purchased lots in a real estate development that turned out to be a fraudulent scheme perpetrated by the developers and the closing attorney representing the bank. Party goods retailer Represented a retail business in recovering in excess of $5 million from its property insurer for property damage and business interruption losses resulting from Hurricane Ike. Settled without litigation Warehouses in recovery Represent two office warehouses seeking to recovery from their property insurer more than $15 million in losses resulting from Hurricane Ike. Settled prior to trial. Please note that unsolicited emails and attached information sent to McGuireWoods or a firm attorney via this website do not create an attorney-client relationship. If you are not a McGuireWoods client, do not send us any confidential information. We may not respond to unsolicited emails and do not consider them or attached information confidential. That means we may disclose unsolicited emails and attachments to third parties, and your unsolicited communications will not prevent any lawyer in our firm from representing a party and using the unsolicited communications against you. By clicking "accept" you confirm that you have read and understand this notice.

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