It is vital to consider the recovery process at the onset of a crisis situation. The negative and substantial financial impact of catastrophic losses—whether caused by natural disasters, major accidents, or adverse business events—can often be largely eliminated or mitigated through first-party property damage and business interruption insurance or liability insurance.
To preserve and maximize insurance assets, insureds must comply with policy conditions and present their claims in a calculated manner, careful to avoid the coverage pitfalls that insurers often use to delay or deny payment. This includes making sure that the positions taken in coverage litigation and in the underlying matter(s) are both coordinated and optimally developed to best address these important issues.
Morgan Lewis’s insurance recovery lawyers have experience addressing coverage claims for property damage, business interruption loss, wrongful death, environmental and mass tort liabilities, and losses arising out of securities and professional liability claims. To make sure that claims are submitted within the required timeframe and presented in the most compelling way, our crisis-management team completes a review and analysis of clients’ existing policies and develops a written coverage plan to address any potential incidents. The team regularly works with other lawyers at the firm handling underlying claims, including mass tort, environmental, class action multidistrict litigation, privacy/cybersecurity, and other types of claims.
Our insurance recovery practice consistently has been recognized by Chambers USA, Best Lawyers USA, The Legal 500, and other ranking organizations as one of the top policyholder practices in the United States. Our first-class insurance recovery team includes policyholder insurance recovery lawyers practicing in 11 offices across the United States and in London.