Wiley provides comprehensive services for insurers that issue commercial crime insurance policies and fidelity bonds, including:
- Working with insurers and their forensic accountants in their evaluation of proof of loss;
- Assisting insurers with fact and coverage investigations, including interviewing witnesses, posing targeted written questions to insureds and their representatives, as well as communicating with law enforcement personnel;
- In the event of a dispute, representing insurers in state and federal trial and appellate courts across the country or otherwise reaching negotiated resolutions;
- Counseling insurers on developing new products that address rapidly evolving technologies; and
- Drafting and updating terms and conditions of coverage.
Our attorneys assist insurers with matters involving a broad array of commercial insureds, including large corporations and small partnerships, established enterprises and start-up companies, and sophisticated businesses and “mom and pop” shops. These insureds include banks and other financial institutions, title and escrow agents, law firms, accounting firms, hospitals, medical practices, retailers, restaurants, manufacturers, and product distributors.
Specific recent representative matters include:
- Coverage dispute regarding multimillion-dollar employee theft claim in connection with an insured’s factory in China.
- Coverage dispute regarding a massive inventory loss at the insured’s smartphone and tablet return and refurbishment warehouse.
- Coverage dispute in connection with a high-dollar computer fraud claim involving an insured vendor in China.
- Coverage disputes regarding claims for social engineering losses, totaling millions of dollars.
- Commercial Crime Insurance and Fidelity Bonds
- Cyber Insurance
- D&O and Financial Institution Liability
- E&O for Lawyers, Accountants and Other Professionals
- Employment Practices Liability
- General Liability
- Insurance & Bankruptcy
- Insurance Coverage Litigation
- Media & Technology E&O
- Policy Drafting and Product Development
- Professional Liability Defense
- Property Coverage
- Public Entities and Educational Institutions
- Representations and Warranties (R&W) Insurance
- Section 111 Insurer Reporting and MSP Reimbursement
Related News & Insights
- Press ReleaseWiley Rein’s Insurance Practice Named a Finalist for ‘Legal Team of the Year’ by Business Insurance MagazineJanuary 29, 2018
- ArticleCovering New Fraud Risks With Traditional PoliciesMay 25, 2017
- NewsletterLoss Caused by Fraudulent Exploitation of Coding Error Does Not Implicate Computer Fraud CoverageApril 2017
- Newsletter‘Business E-Mail Compromise’ Scheme Losses Not Covered by Traditional InsuranceApril 2017