Insurance: Dispute Resolution: Insurer
USA Guide 2024 : New York
Band 4
About
Provided by Mound Cotton Wollan & Greengrass LLP
Insurance & Reinsurance:
Mound Cotton’s focus throughout its 91 year history has been to provide counsel to insurers, reinsurers, and other companies in the insurance world on major commercial issues involving contract interpretation, coverage, and the various other types of questions that arise in the context of the business of insurance and reinsurance. A major portion of the firm’s work has been acting for insurers and reinsurers in complex litigation and arbitration. Mound Cotton also represents reinsureds, reinsurers, intermediaries, pool managers, managing general agencies, underwriters, liquidators, and others with interests in the reinsurance market.
The firm is knowledgeable concerning the nature and operations of insurance markets throughout the world, and clients are based in the United States, the United Kingdom, Europe and other foreign jurisdictions. It has considerable experience dealing with insurer and reinsurer insolvencies, as well as specialized classes of business such as environmental, toxic torts, head trauma, molestation, human trafficking, fronting and program business, business interruption and other time element risks, terrorism and war risk, product recall, professional indemnity/errors and omissions, and residual value, efficacy, and performance and other financial guaranty.
Chambers Review
Mound Cotton Wollan & Greengrass is notable for its work on direct insurance and reinsurance matters. It displays a range of coverage experience relating to catastrophic loss including first-party property, business interruption and product contamination and handles litigation as well as arbitrations, with strong capabilities in handling mass and toxic tort claims. The team's expertise also extends to fraud and bad faith disputes.
Work Highlights
- Mound Cotton represented Chubb, Munich Re and Markel in a claim brought by the New Orleans Saints football team relating to recoveries for the loss of business income when the team moved its first home game of the 2021 season due to power outages caused by Hurricane Ida.
Strengths
Provided by Chambers
"We bring our most complex issues to this firm."
"The team has great experience and depth with quality junior attorneys in the pipeline."
"Not only are they extremely knowledgeable about the subject matter, they are efficient, prompt and understand the business aspect of the work."
"We bring our most complex issues to this firm."
"The team has great experience and depth with quality junior attorneys in the pipeline."
"Not only are they extremely knowledgeable about the subject matter, they are efficient, prompt and understand the business aspect of the work."
Notable Practitioners
Lloyd Gura maintains a respected carrier-side disputes practice and counts premier insurance companies among his clients.
"Lloyd is a go-to attorney and highly capable of handling the most complex matters in an efficient manner."
"Lloyd is well informed, smart and he understands the law and how it responds to novel issues."
"He's a trusted adviser and we've had nothing but good experiences. He understands our business, know the key figures and can distil complex issues."
"Lloyd is a tenacious, thoughtful litigator with deep, deep knowledge of insurance."