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Insurance and Risk Management

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Overview

Our Clients

Katten's Insurance and Risk Management attorneys counsel clients in all segments of the insurance industry— including insurance and reinsurance companies, risk retention groups, policyholders, insurance agencies, brokerages, and premium finance companies—in insurance-related disputes and litigation, on transactions, and in corporate and regulatory work. We work with risk and underwriting managers, general agencies and third-party administrators. Our attorneys advise alternative market ventures including Risk Retention Act of 1986 companies and risk pooling associations. We also represent the financial organizations that provide services directly to the insurance industry, from investment bankers and derivatives dealers to private equity funds and investment advisers.

Our Services

Our attorneys provide counseling in all aspects of insurance-related dispute resolution, asserting and defending insurance claims in litigation and arbitration and drafting coverage opinions. We are experienced in handling fidelity bond claims, professional liability and directors and officers liability claims, fraud-related losses, business interruption and related property claims, and various other claims arising from accidents and catastrophes. We handle losses that require large and complex fact investigations and cooperation with law enforcement, and we defend matters ranging from personal injury to commercial contract claims. We also litigate disputes between claims managers and insurers, brokers and underwriters, and primary and excess layer insurers regarding business written in the US, London and Bermuda markets.

We help our clients' management and insurance brokers to assess areas of potential liability inherent in their businesses, and we review current and proposed policy wording and provide guidance in procuring appropriate insurance coverage. Katten attorneys assist in-house risk management departments in developing procedures and guidelines that reduce the risk of litigation exposure. Our attorneys manage clients' litigation portfolios and maintain their insurance policies to cover all potential claims and defend them within insurers' guidelines.

With experience and contacts in law enforcement and private investigations, our attorneys provide fraud detection and prevention services. We counsel insurers on appropriate claims-handling practices, investigations and litigation options for dealing with organized, systemic fraud schemes. Our attorneys regularly interface on behalf of our clients with local, state and federal law enforcement and regulatory bodies across the country. We coordinate all efforts with recovery strategies in mind and work with teams of forensic accountants and investigators to efficiently address the fraud issues corporations commonly face.

Katten also represents insurance and reinsurance companies in a wide variety of general corporate matters, including the formation and admission of new insurance companies and the accompanying capitalization and financing through commercial lenders or public and private capital markets. We advise on mergers, acquisitions and divestitures involving insurance companies and other insurance entities, including elements of state insurance holding company act compliance. We structure and restructure insurance holding company systems with an emphasis on revenue flow and concern for taxation. We often handle the sale of books of business and renewal rights transactions. Our experience with insurance-related litigation, state regulatory agencies and investment management enables our Insurance and Risk Management team to advise insurance companies on all regulatory, transactional and operational issues.

Insurance and Risk Management

Recognition

U.S. News Best Lawyers "Best Law Firms" – Insurance Law (National)
Insurance Law (National), 2012–2016
U.S. News Best Lawyers "Best Law Firms" – Insurance Law (Chicago)
Insurance Law (Chicago), 2013–2019
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Recognition

Insurance Law (National), 2012–2016
Insurance Law (Chicago), 2013–2019
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