Insurance Recovery

Overview

  • 2015 Best Lawyers Law Firm of the Year - Insurance Law
  • 2014 Best Lawyers Law Firm of the Year - Insurance Law
  • The Legal 500 United States 2014 - Leading Firm
  • Best Lawyers Best Law Firms - Insurance Law
  • Reed Smith - Insurance

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

For the past two years, U.S. News-Best Lawyers® “Best Law Firms” named Reed Smith its “National Law Firm of the Year” in Insurance Law (2014 -2015). In addition, the group is named among the best policyholder coverage practices by Chambers USA, Chambers UK, Legal 500 US and Legal 500 UK.

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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Represented McJunkin Red Man Corp. regarding allegations of a defective casing that was installed in a well in Kalkaska County, Michigan. The insurance coverage action involved McJunkin's right to insurance as either an additional insured, or an intended third party beneficiary, under the insurance policies issued to the manufacturer of the allegedly defective casing that purportedly caused property damage to the underlying plaintiff and owner of the well in which the casing was installed.
Advised a large fashion retailer in relation to Payment Card Industry Data Security Standard (PCI DSS) compliance, including issues relating to cyber-insurance and 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

Events

18 December 2014
Thompson Reuters
"Conditions Under a Property Insurance Policy"
Philadelphia, PA
Webinar
10 December 2014
13 August 2014
Thompson Reuters
"How to Determine the Insured Amount of a Property Loss"
Philadelphia, PA
Webinar
12 June 2014
Recent Developments of What Is A “Loss” Under D&O and Professional Liability Coverages
Webinar
10 June 2014
Reed Smith 's Falls Church Office
Falls Church, VA
Seminar
2 June 2014
29 May 2014
Risky Business: Identifying & Protecting Against Risk in Film, Music & Advertising
Beverly Wilshire Hotel                        
Los Angeles, CA
Seminar
16 May 2014
Bad Faith In Insurance Disputes: Where is the Line Between Good and Bad Faith?
Seminar
9 May 2014
Flood Exclusions
New York, NY
Seminar
30 April 2014
RIMS 2014 Annual Conference & Exhibition
"Construction Defect Claims: Don’t Let Your Money Fall Through The Cracks"
Denver, CO
Seminar
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