Managing Partner: Richard H. Nicolaides, Jr.
Founding Partners: Matthew J. Fink, Richard H. Nicolaides, Jr., Monica T. Sullivan, Sara M. Thorpe
Number of partners: 33 Number of attorneys: 62
Nicolaides Fink Thorpe Michaelides Sullivan LLP is a national insurance coverage firm dedicated to representing the interests of insurers and reinsurers. From offices in Chicago, San Francisco, Los Angeles and San Diego, the firm has a global presence and counsels and works with clients to resolve complex insurance coverage disputes in the United States, as well as in Western Europe, South America, and Asia. The firm’s lawyers represent clients before state and federal courts and arbitration panels throughout the United States. Its clients include some of the largest insurers and reinsurers in the United States, Bermuda, London, and Tokyo.
Commercial Torts (Disparagement, False Advertising)
First Party Property
Managed Care & Health Care
Policy Drafting & Claims Management
Primary & Excess General Liability
Reinsurance Trial Monitoring
Main Areas of Practice:
■ Obtained appellate ruling, reversing trial court judgment, that insured was not entitled to coverage, because its payments to Colombian terrorists were not accidental and injury occurred outside coverage territory
■ Jury verdict in favor of excess insurers on claim that they failed to settle within their policy limits; jury found insurers did not act in bad faith in rejecting settlement demands in underlying personal injury lawsuit, which ultimately settled for $32 million
■ Successfully represented multiple Bermuda insurers in London arbitration involving coverage for verdicts in excess of $700 million arising out of contraction of infectious disease from insured’s pharmaceutical product
■ Monitored hundreds of underlying claims arising out of train derailment and pollutant release, coordinated with the insured regarding management of liability and valuation issues, and oversaw the resolution of underlying claims that voided implicating client’s layer of coverage
■ Investigated and analyzed coverage for significant hacker intrusion event that resulted in breach of guest credit-card information at insured resort, guided client through process of denying coverage for subsequent class action lawsuit
■ Obtained jury verdict and multi-million dollar judgment on behalf of insurer client as a result of insurance fraud by policyholder arising out of supposed first-party loss submitted by California insured, and obtained restitution in companion criminal proceeding
■ Obtained judgment, and affirmance on appeal, that there was no coverage for deceptive trade practices claims arising out of defective water heater chambers, on the basis that there was no ‘occurrence’ and the insured failed to allocate between covered and non-covered ‘property damage.'
■ Negotiated settlement of billion-dollar first-party property damage claim by US-based chemical company on behalf of three different reinsurers utilizing Bermuda forms, investigated claim and leveraged expert analysis to negotiate favorable resolution and avoid arbitration
■ Arbitrated reinsurance coverage dispute involving coverage for asbestos-related claims, including allocation issues and the number of occurrences under the subject reinsurance treaty, achieving favorable ruling for London insurers
■ Analyzed class actions against global technology companies under complex reinsurance contracts issued through Lloyd’s of London market for policies issued and partially insured by international insurance entities