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Gary L. Gassman

Member

Chicago
123 North Wacker Drive
Suite 1800
Chicago, IL 60606
P
(312) 474-7994
TF
(877) 992-6036
F
(312) 706-9756
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Gary L. Gassman

Gary will be speaking at an upcoming event:

TIPS 2018 Section Conference

Los Angeles, CA 05/02/2018

Gary Gassman, of Cozen O'Connor's Global Insurance department, will moderate a panel discussing, "Extra Contractual Insurance Claims: Preparing and Responding to Policy Limit and Time Limit Demands" at the TIPS 2018 Section Conference.

Event Details 

Gary Gassman focuses his practice in the areas of insurance coverage counseling and litigation. For over 20 years, his practice has been concentrated on management liability including directors and officers and entity liability, employment practices liability, fiduciary liability, and various types of professional liability coverage. He also has significant commercial general liability and reinsurance experience. Gary serves as national coverage counsel for a number of insurance companies in the management of directors and officers and professional liability claims and litigation. He has represented insurers and reinsurers in coverage litigation and domestic and international arbitration, and in general business and compliance matters. He regularly engages in management liability and miscellaneous professional liability insurance policy, application and endorsement interpretation and drafting and has conducted numerous claim, system and underwriting audits for various reinsurers. He also defends various types of professionals in litigated matters. Gary is a member of the Federal Trial Bar for the Northern District of Illinois.

Gary speaks at insurance coverage seminars throughout the country and is active in several legal organizations. He has taught legal writing as an adjunct professor of law and regularly publishes in the areas of corporate governance, securities laws, and international and domestic D&O, E&O and EPL exposures and trends. Gary currently serves as a council member for the American Bar Association, Tort Trial & Insurance Practice Section (TIPS) and was recently elected as the TIPS Diversity Officer for the period August 2017 to August 2019. 

Gary earned a Bachelor of Arts from Indiana University in 1990 and a law degree from The John Marshall Law School in 1993.

Experience

Obtained summary judgment for insurer in coverage dispute under a D&O and EPL policy for a case arising from investments in and the development of a medical center alleging breaches of fiduciary duties and derivative claims valued in excess of $20 million.

Successfully defeated motion for turnover of policy proceeds on behalf of insurers with respect to coverage for judgments against insureds arising from employment and shareholder disputes under D&O and EPL policies.

Favorably negotiated a six-figure settlement for an insurer in the coverage dispute component of an FCRA and California Investigative Consumer Reporting Agency Act class action lawsuit valued in excess of $20 million.

Negotiated a nominal settlement in a coverage dispute arising from a class action lawsuit alleging California Civil Code and California Business and Professions Code violations against a property management company valued in excess of $5 million.

Represent insurers with respect to coverage for underlying wrongful death action against property management company under EPL and E&O policies worth in excess of $30 million.

News

100 Cozen O’Connor Lawyers Named to the Best Lawyers in America

August 23, 2017

Lawyers were selected for inclusion in the 2018 edition based on a rigorous peer-review that has been developed and defined for more than 30 years.

MORE

Gary Gassman Elected the American Bar Association, Tort Trial & Insurance Practice Section’s (TIPS) Diversity Officer

March 29, 2017

Gary Gassman, a member of Cozen O’Connor’s Insurance department, has been elected the American Bar Association, Tort Trial & Insurance Practice Section’s (TIPS) diversity officer for the period August 2017 to August 2019.

MORE

Publications

Events & Seminars

TIPS 2018 Section Conference Los Angeles, CA 05/02/2018
26th Annual Insurance Coverage Litigation Midyear Conference Phoenix, AZ 02/22/2018
2017 Professional Liability Seminar New York, NY 10/12/2017
ABA 25th Annual Insurance Coverage Litigation Committe Midyear Program Phoenix, AZ 02/23/2017
2016 Updates & Hot Topics in Professional Liability Insurance New York, NY 11/17/2016
2016 ABA San Francisco Annual Meeting San Francisco, CA 08/04/2016
Webinar: Social Engineering Attacks and the Impact on Cyber and Crime Insurance Webinar 06/21/2016
ABA 24th Annual Insurance Coverage Litigation Committee Midyear Program Phoenix, AZ 02/18/2016
2015 Professional Liability Seminar New York, NY 10/29/2015

Practice Areas

Professional Liability Insurance Coverage

Casualty & Specialty Products Insurance

Bad Faith

International Arbitration

Education

  • The John Marshall Law School, J.D., 1993
  • Indiana University–Bloomington, B.A., 1990

Awards & Honors

ABA, Tort Trial & Insurance Practice Section (TIPS) Leadership Academy –  2008-2009

Bar Admissions

  • Illinois
  • Arizona
  • Wisconsin

Court Admissions

  • U.S. District Court -- Northern District of Illinois
  • U.S. District Court -- Eastern District of Michigan
  • U.S. District Court -- Eastern District of Wisconsin

Affiliations

  • ABA, Tort Trial & Insurance Practice Section’s (TIPS) Diversity Officer –  2017-2019
  • ABA, Tort Trial & Insurance Practice Section (TIPS): Council Member, 2015-2018; Chair, Insurance Coverage Litigation Committee, 2015-2016; Chair, Corporate Counsel Outreach Task Force, 2013-2015; Chair, Corporate Counsel Committee, 2012-2013; Chair, Task Force on Corporate Governance, 2010-2011; Chair, International Committee, 2009-2011.
  • Member, CGL Reporter Editorial Board, 2007-2015
  • Professional Liability Underwriting Society
  • Defense Research Institute
  • The John Marshall Law School, Adjunct Professor of Law on Legal Writing and Oral Argument Technique, August 1996-December 2001
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