The North Carolina Supreme Court has recently ruled that the "direct physical loss" requirement for "all-risk" insurance policies can indeed cover losses associated with the coronavirus pandemic. John Ellison is quoted in a Law360 article discussing how this decision, which sets a crucial precedent and highlights the evolving nature of insurance coverage in response to global crises, was long-awaited. #Insurance #Policyholders #NorthCarolinaSupremeCourt #Pandemicrelief
Reed Smith Insurance Recovery Group
Legal Services
Pittsburgh, Pennsylvania 790 followers
Driving progress through responsible business
About us
Your business needs solution-oriented lawyers who offer a practical approach to addressing your insurance recovery needs. As a top-ranked, policyholder-focused practice, having assisted some of the world’s largest companies in resolving their complex insurance disputes, we bring a wealth of experience to your insurance issues. We have secured some of the largest insurance recoveries on matters ranging from catastrophic property loss and ‘bet-the-company’ products claims, to securities litigation and cyber losses. Whether negotiating coverage for emerging liabilities or facing off at trial or arbitration – from London to Los Angeles, or anywhere around the globe – we drive maximum value from your insurance assets. You can rely on our market-leading insurance practice at Reed Smith to efficiently analyze your company’s issues and recommend a concrete plan of action.
- Website
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https://www.reedsmith.com/en/capabilities/services/litigation-and-dispute-resolution/insurance-recovery
External link for Reed Smith Insurance Recovery Group
- Industry
- Legal Services
- Company size
- 1,001-5,000 employees
- Headquarters
- Pittsburgh, Pennsylvania
- Founded
- 1877
Updates
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We are excited to share our newly promoted attorneys of 2025! Congratulations to Margaret McDonald for being promoted to partner, and Stephanie Gee, Catherine Lewis, Eleanor Ruiz, Russell Squire and Claire Whitehead for being promoted to counsel! Their hard work and unwavering commitment to providing top-notch legal services have earned them this well-deserved promotion. We look forward to seeing them thrive in their new positions and continue to make a positive impact on our team and clients. Please join us in celebrating these fantastic achievements and wishing Margaret, Stephanie, Catherine, Eleanor, Russel and Claire continued success in their new roles! #ReedSmithNews #insurancerecovery #congratulations #leadership
We’re thrilled to announce the promotion of 24 lawyers to partner and 31 lawyers to counsel, effective January 1 - https://lnkd.in/gf2CTNSP - These promotions span 14 offices across the U.S. and EMEA, representing a dozen practice groups and all five of our core industry groups: financial services; life sciences and health care; energy and natural resources; entertainment and media; and transportation. With half of our new partner class identifying as diverse (including women), these promotions reflect our commitment to building an inclusive and representative partnership. Congratulations to our talented colleagues! We’re proud to celebrate their success and the impact they continue to make for our clients worldwide. #NewPartners #LegalNews #GlobalLawFirm #DEI
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We are thrilled to announce David Weiss has been recognized as the 2024 recipient of the University of San Francisco School of Law’s Hon. Saundra Brown Armstrong '77 Alumni Award! This recognition is a testament to David’s expertise and devotion to setting law students up for success as lawyers. Congratulations David!! #USFLaw #USFLawyers #AlumniAward
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In our most recent blog post for the Policyholders Perspective, Mark Pring and Tom Morgan discuss the Court of Appeal of England and Wales handing down judgment in UnipolSai Assicurazioni SpA v Covéa Insurance Plc. The Court had considered the recoverability of business interruption losses under a reinsurance policy due to Covid-19. The judgment underscores the importance of clear policy wording and the challenges associated with claims for business interruption losses. #Insurancerecovery #BusinessInterruption #CourtofAppealofEnglandandWales
Court of Appeal finds that Covid-19 was a “catastrophe” | The Policyholder Perspective
https://www.policyholderperspective.com
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J. Andrew Moss and Noel Paul were featured in a Q&A with WTW as part of the “D&O Professionals Series” where they discussed critical issues shaping the responsibilities and risks faced by directors and officers today. From navigating economic volatility to understanding the significant investments financial institutions are making in AI technology, this discussion provides valuable insights into the current and future state of D&O risk. #Directorsandofficers #insuranceRecovery #AI
D&O professionals series: Andy Moss and Noel Paul, Reed Smith LLP
wtwco.com
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Cyberattacks are growing in frequency and are affecting nearly every industry, but insurance can play a pivotal role in managing the growing risks. In our latest episode of Insured Success, Lisa Szymanski and Adrienne Kitchen discuss how businesses can help protect themselves with insurance from the growing risks of cyberattacks, including hacks, ransomware and malware. Tune in to listen. #InsuredSuccess #Cyberattack #policyholder
🎧 Listen now: https://lnkd.in/e2E_uEED - Cyberattacks, including hacks, ransomware and malware attacks, are on the rise. Nearly every industry has been or could be affected, including professional and financial services, manufacturing, distribution, health care, education, tech, retail, energy, government and non-profit. Experts believe this trend will only continue. But insurance may be able to help manage the growing risks, as Lisa Szymanski and Adrienne Kitchen discuss in this episode of Insured Success. #InsuredSuccess #Cyberattacks #CyberInsurance
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On Monday, Esther Kim presented on insurance concepts as for a two-part Continuing Judicial Education course for the Philadelphia Court of Common Pleas Judges. Esther was joined on this panel by Konrad Krebs from Clyde & Co. and Hillary Ladov from MGC Law. Congratulations to Esther on this opportunity to contribute her expertise towards maintaining Philadelphia’s well-educated judiciary. #PhiladelphiaCourtofCommonPleasJudges #Insurancelaw
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In our most recent post on the Policyholder Perspective blog, Cristina Shea, Stephanie Gee and Liz Taylor discuss generative AI (“Gen AI”) and how policyholders who both adopt and develop Gen AI models face cyber and AI-related risks that they must insure against. While the insurance market has been slow to adapt to AI technologies, insurers are beginning to offer products designed to protect against these specific risks. #CyberInsurance #GenAI #PolicyholderPerspective
Insurers Explore New AI Coverage Options, Potentially Filling Coverage Gaps for Policyholders Developing Generative AI | The Policyholder Perspective
https://www.policyholderperspective.com
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In today's rapidly evolving digital landscape, the threat of deep fakes is becoming increasingly prominent. Courtney Horrigan is quoted in Digital Insurance discussing how insurance carriers are actively considering how to incorporate coverage for business interruption or reputational damage caused by deep fakes. #Cybersecurity #deepfake #Policyholder #Insurancecoverage
Deep fakes become new frontier for cybersecurity coverage
dig-in.com
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Arthur Armstrong is quoted in Law360 discussing how former President Trump's promises to pursue broad deregulation add a layer of uncertainty to the already volatile cyberinsurance market. Follow the link below for thoughts on why companies must invest in their own protections amidst the uncertainties of deregulation and an ever-changing threat landscape. #InsuranceCoverage #cybersinsurance #policyholder
Trump Win Injects Uncertainty Into Volatile Cyber Market - Law360 Insurance Authority
law360.com