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PROFESSIONAL E&O
AND FINANCIAL
INSTITUTIONS

KSW represents a wide range of clients in the insurance industry, helping them navigate the ever-changing legal environment in the Professional E&O and Financial Institution arenas. We represent foreign and domestic insurers, primarily as coverage and monitoring counsel and, when necessary, in coverage litigation through the resolution of a claim.

Our work has included, among other things, issuing opinions with an analysis of liability and damages with respect to underlying claims, as well as potential coverage issues.  KSW also assists its clients in monitoring claims in various stages, including complex litigation in both state and federal courts, as well as representing insurers throughout the claims handling process, providing claim file review advice and policy drafting services.

 

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Partner

mcoleman@kswlaw.com

(914) 733-7752

PROFESSIONAL

ERRORS & OMISSIONS

KSW's attorneys have vast experience handling matters for our insurance and reinsurance clients regarding numerous areas of Professional Liability and Errors & Omissions, including lawyers, accountants, architects, engineers and design professionals, insurance brokers, health care providers, financial institutions and financial service firms and consultants, stockbrokers, technology, securities brokers, and real estate professionals, and miscellaneous areas of PL and E&O.

The lawyers in KSW’s PL and E&O Practice Area represent insurers with policyholders ranging from sole practitioners to national and international firms. The successful defense of a PL or E&O claim requires early assessment and determination of the theme of the defense and a resolution strategy based on the underlying factual and legal issues presented by the claim. Clear communication with our clients and the insured professionals is a key element in our successful handling of these matters.

KSW maintains excellent relationships with highly-qualified and well-regarded firms appointed to defend professionals and works closely with such lawyers in the defense of claims against our clients’ policyholders.

KSW monitors, mediates, litigates, and arbitrates matters with regard to various PL and E&O claims. KSW also handles the coverage of PL and E&O claims, represents insurers throughout the claims handling process, handles bad faith allegations brought against its insurance clients, and conducts claim file reviews and provides policy drafting advice and services. KSW also supplies its clients with in-depth liability, damages, and other assessments in order to support the accurate evaluation of loss exposure and effective strategizing for resolution of claims, whether by settlement, trial or appeal. KSW also evaluates and presents lectures on the changing economic and regulatory climate on the professional liability and E&O exposures facing our insurance clients and their policyholders.

FINANCIAL  INSTITUTIONS

KSW's Financial Institutions Practice Area provides a full range of services to insurers issuing coverage to Financial Institutions and financial service firms, including Professional Liability, Directors & Officers, Cyber and Emerging Technology Liability, and is well-versed in the challenges posed in today’s FI climate. Our work has included issuing opinions with analysis of liability and damages with respect to underlying claims, as well as potential coverage issues; monitoring claims in various stages, including complex litigation in state and federal courts; representing insurers throughout the claims handling process; providing claim file review services and advice; and policy drafting services.

Our team has significant involvement with respect to the largest scandals of the past decades, involving directors and officers and financial and professional insurance. KSW attorneys work alongside insurers, policyholders, and defense counsel in developing and implementing claims resolution strategies, and participate in settlement negotiations, mediations, and arbitrations. KSW has extensive experience litigating coverage cases and our Firm’s attorneys have handled reinsurance issues for clients with respect to Financial Institution risks.

The world of Financial Institutions changes rapidly, with oversight and regulation by governmental entities is in a state of constant change. KSW attorneys are constantly monitoring these changes, and have presented and spoken on significant issues relevant to the FI industry in domestic and international markets.

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