Rukesh Korde has helped policyholders recover over $1 billion for first party, business interruption and contingent business interruption losses. Those losses include significant damages to skyscrapers, total supply chain failures, and business interruptions losses arising out of the inability to conduct interbank transactions. They also include cyber losses, such as computer security infrastructure failures, the loss of sensitive consumer and policyholder financial information, and contingent business interruption losses arising out of internet-related failures. Mr. Korde has resolved or litigated numerous cases involving insurance for hurricanes, floods, terrorist attacks, oil refinery explosions, disasters at chemical plants, supply chain failures, environmental damages, asbestos claims, MTBE claims, and natural resources damages. Mr. Korde has helped negotiate multi-million dollar payments under D&O policies as well payments for policyholders undergoing bankruptcy re-organization. He has worked with policyholders in the United States, in Europe, and in Asia. Mr. Korde has advised clients in nearly all sectors of the economy including air travel, back-end computer services, banking, chemical distillation, consumer products, financial services, hotels, manufacturing, pharmaceuticals, petroleum, and travel services.
Mr. Korde has settled and litigated insurance coverage claims for:
- The September 11 terrorist attacks, including coverage for property damage, for temporary property to accommodate displaced workers and for losses from the resultant economic downturn;
- Property damage, business interruption and consumer displacement losses arising out of Superstorm Sandy;
- Mass torts, such as alleged exposure to toxins after an explosion at a chemical plant and exposure to asbestos containing materials;
- Hurricane and monsoon related damage to hotels and factories, including those with significant pre-existing problems;
- Crime and fidelity losses related to employee embezzlement; and
- Long-tail claims, such as environmental cleanup, including disputes about the “sudden and accidental” pollution exclusion, the expected or intended exclusion and alleged late notice.
