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Excess and Surplus Lines
The excess and surplus market represents an important segment of the overall insurance industry. This specialty market fills an important gap in the availability of insurance coverage. The risks are often "outside the box" of what the standard carriers are comfortable writing. This may include coverage for a hole-in-one event, protection for an amusement park, or an oil drilling operation. Our attorneys look both inside and outside the box to successfully resolve excess and surplus lines disputes. We have extensive experience as monitoring counsel for excess insurers, both foreign and domestic. We have successfully handled disputes over language in the Bermuda Form and other specialty risk policies. Some of our recent engagements involved:
- Risks that were materially misrepresented during the underwriting process, such as location, loss history and prior cancellation
- "Ultimate Net Loss" as defined under a policy
- Equitable contribution claims
- Mistaken policy exhaustion
- Allocation issues
- Successfully defending claims for third party coverage that were in fact policyholder capital improvements
For more information about the Global Insurance Services Group at Goldberg Segalla LLP, please contact one of the practice group Co-Chairs:
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