Insurance is a vital asset of any business. Our Insurance Recovery and Advisory Practice Group maximizes that asset for policyholders and their captive insurance companies in several ways.
Coverage litigation: We litigate coverage disputes arising from a variety of underlying claims, including directors and officers liability, professional liability, securities fraud, antitrust violations, data breaches and other business disputes, catastrophic injury, and both first- and third-party property damage claims. We have represented insureds in coverage litigation in courts and arbitration across the country.
Advice and Advocacy: We provide strategic advice to and advocate on behalf of insureds and their captives regarding coverage for underlying claims. We analyze policies and contractual insurance requirements, investigate and assess coverage for claims, and respond to reservations of rights and denials of coverage. We advise clients as to what they can do to preserve coverage, and what they must do. We work to find creative approaches to securing insurance funding to resolve claims and cap our client’s exposure. We provide advice and advocacy both for specific claims and as national coverage counsel for all legal matters relating to insurance that arise in our clients’ businesses.
Insurance Program Review: We work with clients to prevent coverage problems before they happen. We have provided in-house training to corporate law departments on coverage issues that recur frequently in their business. We audit our clients’ insurance programs to determine whether they have adequate systems in place to verify that they are receiving the coverage they are entitled to under contracts with third parties, including contractors, commercial tenants and borrowers. We advise clients on policy wording, enhancements, clarifications and related issues in connection with renewals.
News & Resources
- Paula E. Litt is highlighted and quoted in the Law360 article “GCs Name Cream of the Crop Litigators”(February 7, 2016)
- Four Honigman partners earn recognition as Client Service All-Stars(February 15, 2016)
- Insurance Present Mediation: The Blind Man and The Elephant, Cook County Mandatory Arbitration and Mediation Program, Chicago, ILFebruary 2016
- Claim Quandaries: Unique Claim Issues in Captives, 16th Annual Executive Educational Conference, South Carolina Captive Insurance Association (SCCIA), Charleston, SCSeptember 2015
- Insurance Coverage Review: Targeted Tender Under Illinois Law, Schopf & Weiss CLE Series, Chicago, ILNovember 2014
- Solvency and Valuation Opinions: How to Make Them Work for an Offshore Litigation, KRyS Global, Duff & Phelps, Schopf & Weiss LLP and Campbells (Restructuring and Insolvency Specialists Association), Camana Bay, Grand Cayman2014
- The Broker: Friend or Foe?, ABA Section of Litigation: Insurance Coverage Litigation Committee, Chicago, ILOctober 2013
- Moving Mountains: What to Do When Your Insurer Won't Pay, Schopf & Weiss CLE Series2011
- Toxic Tort Insurance Coverage Issues: It Takes A Village, Chicago Bar AssociationDecember 15, 2010
- You Settled, Now What? Securing Post-Settlement Indemnity From Your Insurer, Chicago Bar Association, Chicago, ILMay 2010
- Twenty Questions to Ask Coverage Counsel in Business Litigation(March 3, 2014)ABA Section of Litigation: Business Torts & Unfair Competition
- How to Anticipate and Avoid Four Common Insurance Coverage Disputes(2014)First Chair Magazine (Vol. 3, P. 44)
- Keep Your Data, Not Your Head, In the Cloud(November 22, 2013)ABA Section of Litigation: Insurance Coverage
- Chart a Path Toward Insurance Coverage(Spring 2012)Chicago Yacht Club Blinker
- You've Settled, Now What? What the Insured Must Show to Recover Indemnity(June 2010)CBA Record (Vol. 25, No. 5)
- Got Coverage? You paid for it, now use it(August 2009)CPA Insider
- Insurance Coverage for Bankrupt Corporations: Needed Now More Than Ever(2009)ABA Section of Litigation: Insurance Coverage Litigation
- Insurance Regulation in Michigan(2002)Michigan Insurance Law and Practice, The Institute of Continuing Legal Education
- 1983 Annual Survey of Michigan Law: Commercial Transactions(1983)30 Wayne Law Review, No. 2
- 1982 Annual Survey of Michigan Law: Criminal Procedure(1982)29 Wayne Law Review, No. 2
- Are you prepared for a ransomware attack?(March 9, 2016)