Insurance and Reinsurance

Stroock litigators have represented parties in some of the largest complex insurance and reinsurance disputes.  Our insurance litigators are experienced in coverage disputes involving environmental, catastrophe, toxic tort, financial guarantee, advertising, directors and officers, errors and omissions, fidelity, professional liability, property and extra-contractual issues.  We regularly try cases and handle appeals in courts throughout the country, and have created new law and established leading precedent favorable to the insurance industry on a variety of cutting-edge issues (including coverage and bad faith).   Allstate, ChubbNationwide and TIG are among the clients we have represented in insurance coverage disputes.  Our reinsurance litigation and arbitration experience includes representing cedents and reinsurers in high-stakes reinsurance disputes, with more than $1 billion in aggregate losses at risk.  We have successfully represented our clients in proceedings seeking rescission of treaty and facultative agreements based upon alleged misrepresentations in wordings and placement materials.  We have also been involved in high-stakes disputes relating to finite risk, the wrongful actions of program managers, ECO liability, follow the fortunes clauses, agency issues and reinsurance allocation disputes. Clients with reinsurance issues on whose behalf we have acted include ACE, AIG, Arch Insurance, Arrowood IndemnityChubbLiberty Mutual, Munich Canada and Royal and SunAlliance