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Covington has advised clients regarding a wide variety of specialized types of insurance, including media special perils policies, satellite launch and in-orbit insurance, armored car insurance, software errors and omissions policies, crime/fraud insurance, company owned life insurance, product tampering policies, cost-cap and legal liability policies, marine insurance, and employment practices liability insurance. We have obtained significant recoveries for our clients arising under specialized policies, and we have counseled clients regarding the negotiating and underwriting of such policies, including policies designed to cover intellectual property risks and risks relating to the Internet.
Representative Matters
- Won multi-million dollar jury verdict against one of world’s largest insurance brokers for knowingly placing trade credit insurance policy with unauthorized offshore insurer.
- Obtained $20 million summary judgment ruling for Sears in breach of contract/bad faith litigation arising under policy providing coverage for employee and vendor theft.
- Successfully mediated multi-million dollar software errors and omissions insurance claims on behalf of major software company.
- Litigated to favorable settlement coverage claims for multi-million dollar consumer class action litigation arising under media special perils policies issued to Fortune 500 policyholder.
- Successfully coordinated and negotiated complex novation of workers compensation policies issued by financially troubled insurer to major American food supplier.
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