Insurance Recovery

Overview

  • 2014 Best Lawyers Law Firm of the Year - Insurance Law
  • Best Lawyers Best Law Firms - Insurance Law

Depth

Reed Smith knows insurance and your business.  Reed Smith Insurance Recovery Group members have represented policyholders across the broadest spectrum of industries, insurance policies and settings.  As part of an international law firm Reed Smith Insurance Recovery Group members and their clients can draw on the collective experience of Reed Smith attorneys across the globe knowledgeable in every area of business law and litigation. 

Breadth

With Insurance Recovery Group attorneys resident in New York, Chicago, Los Angeles, San Francisco, Pittsburgh, Philadelphia, Washington D.C., Houston, London, Paris and Singapore, we have you covered coast-to-coast and internationally.  In fact, Reed Smith has more dedicated Insurance Recovery professionals on the ground and ready to act on your behalf in the world's major business centers than any other international firm.  Alongside their U.S. counterparts, our European Insurance Recovery Group members are situated to handle international arbitrations in the UK, EU, Bermuda and elsewhere.  Selecting the Reed Smith Insurance Recovery Group brings the advantage of playing in our home court, which gives you the edge in arbitrations and litigation. 

Judgment

Sue?  Negotiate?  Walk away?  When it comes to insurance claims, one size does not fit all.  If a lawsuit against an insurer is the right move, Reed Smith's Insurance Recovery Group has the depth, breadth and experience to take on any coverage battle.  But a lawsuit often is not necessary.  Sometimes it is better to negotiate.  Reed Smith Insurance Recovery Group members have relationships of mutual respect with insurers and insurer counsel that help get good results.  And sometimes … sometimes … (although rarely because we are really good at finding coverage) the claim is just not worth pursuing.  Reed Smith's Insurance Recovery Group proves its value when it provides good advice and delivers sound judgment. 

Moreover, good judgment goes beyond evaluating and pursuing claims.  We act as trusted advisors and counselors to our clients, advising on insurance issues in mergers, acquisitions and commercial contracts, terms and placement of standard and specialty policies, overall coordination of insurance programs and even managing insurer-insured relationships under complex agreements. 

Experience

Collectively, the members of the Reed Smith Insurance Recovery Group have decades of experience successfully representing policyholders, and are recognized leaders in their fields.  We have tried landmark cases and recovered billions of dollars over the last five years alone.
 
Our clients benefit from this extraordinary experience in many ways:

  • Each client has access to the experience of the entire group
  • State of the art knowledge management means wheels won't be reinvented
  • Our reputation and relationships with insurance companies can leverage results
  • We know the most cost-effective methods to reach optimal results consistent with your goals and timetable

Recognition

Reed Smith's Insurance Recovery Group is named one of the best policyholder coverage practices in the nation by Chambers USA. Three of our members are ranked among the top tier of policyholder coverage lawyers in the United States, and 12 of our members are ranked among the best policyholder coverage lawyers in Illinois, California, New York, Washington, D.C., and Pennsylvania.

With the benefit of our Depth, Breadth, Judgment, Experience, and Recognition our clients reap the rewards every day.

Meet The Team

Experience

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Advised a British fashion retailer in relation to Payment Card Industry Data Security Standard (PCI DSS) compliance to an e-commerce site, including issues relating to cyber-insurance. Advice also included assistance with IT forensics relating to cyber attack response and prevention
Acting for an insurer in relation to a dispute over sums payable under certain re-insurance contracts
Advising a finance company on various issues relating to the funding of “After the Event” insurance
Asbestos insurance coverage - Obtained a favorable settlement for a policyholder facing enormous present and future losses arising from asbestos claims. The insurer agreed to cover nearly all of the client's present and future defense costs in connection with the claim under policies issued more than 30 years ago.
Lear Siegler Diversified Holdings Corporation (asbestos coverage litigation) - Complete victory over insurance companies in asbestos insurance coverage litigation requiring insurance companies to pay 100 percent of all past and future defense costs and asbestos liabilities, plus interest and attorneys' fees incurred in pursuit of the coverage litigation
Bodily injury claims - Successfully obtained defense and indemnity for a major nuclear technology company arising out of dozens of bodily injury claims stemming from a uranium mine, without filing a complaint.
Business Interruption coverage - Represents technology company in pursuit of business interruption and bad faith claim where insurer's conduct resulted in the virtual demise of the business.
Directors and officers coverage - Represents an international corporation in a bad faith suit arising out of an insurer's failure to pay defense costs under a directors and officers policy in connection with three underlying class action securities claims.
Advised clients in Directors’ & Officers’ insurance coverage dispute
Advising on insurance recovery cases for the Energy and Natural Resources market and working closely with insurance recovery specialists

Events

1 April 2014
Reed Smith New York Conference Center
New York, NY
Seminar
12 February 2014
Strafford Webinar
"Insurance and the Tripartite Relationship: Conflicts of Interests and Right to Independent Counsel"
Webinar
29 January 2014
Reed Smith Teleseminar
"Insurance Recovery for Losses from the Polar Vortex"
Teleseminar
21 January 2014
Insurance: Top coverage trends from 2013 & Litigation trends that may impact your business in 2014
Central Penn RIMS Meeting
Harrisburg, PA
Seminar
15 January 2014
Communicating With Insurers: How to Minimize Disputes While Setting the Stage to Maximize Recovery
Houston, TX
Seminar
14 January 2014
Reed Smith Los Angeles Office            
Los Angeles, CA
CLE / CPD
14 January 2014
Reed Smith University
"Products Liability 101 Insurance Recovery and Appellate Considerations"
Seminar
21-22 November 2013
12 November 2013
Reed Smith's Houston Office
Houston, TX
CLE / CPD
10 September 2013
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