Gary L. Gassman and Stephanie A. Nashban wrote the article “Significant D&O Cases From the First Half of 2022” for Westlaw Today.
For over five decades, domestic and international insurers have turned to Cozen O’Connor’s team of highly regarded professional liability coverage attorneys to help with the full gamut of professional liability matters. Our attorneys practice at the cutting edge of this dynamic and high-stakes insurance field, in which potential exposures can be catastrophic and insurance products are constantly changing in response to judicial decisions and market conditions.
We have a deep bench of lawyers who are particularly well known for their work representing insurers with regard to litigation involving the following lines of business: directors and officers, errors and omissions, employment practices liability, and fiduciary liability policies for public and private companies as well as not-for-profit organizations. We have represented insurers in major coverage disputes involving securities fraud, mergers and acquisitions, bankruptcy, ERISA claims, and cybersecurity breaches. We often represent clients in matters involving novel issues, and court decisions rendered in our cases have helped develop the law on professional liability coverage in many jurisdictions, including Delaware.
In addition to relying on us to try cases, our clients frequently turn to our team for assistance with in all aspects of policy drafting and claims handling to minimize the chances of a future dispute. Our attorneys routinely handle coverage analyses, mediations, and settlement negotiations. While our goal is to resolve disputes quickly and amicably, we have significant trial experience and are absolutely prepared to take large coverage cases to verdict when necessary. Our strong reputation for successfully representing our clients in the courtroom is a significant advantage in negotiation and alternative dispute resolution, helping us secure highly favorable outcomes.
Cozen O’Connor is also distinguished by its geographic scope. With offices in over 30 cities across North America, we have the capability to respond wherever and whenever coverage issues arise and to provide representation by counsel with local experience, knowledge, and relationships. At the same time, clients benefit from the firm’s capabilities as a national, full-service business law firm with a wide range of experience, including in bankruptcy, technology and privacy, and securities law.
Our commitment to the insurance industry and to helping our clients stay abreast of legal developments impacting their business includes the creation and delivery of many sophisticated and impactful training and education programs every year. We host a yearly in-person professional liability group program in New York City as well as monthly webinars, each of which is attended by 1,000 or more insurance industry professionals. We are also frequently invited by major insurers to present in-house on new trends in the law, emerging exposures, and best practices for policy drafting. Moreover, we routinely publish widely read client alerts and articles on the latest issues impacting professional liability coverage, and team members have been profiled in prestigious publications like Business Insurance and Litigation Management Magazine.
In addition to the team’s training and educational initiatives, our attorneys are actively involved and hold leadership roles in many industry organizations, including the highly selective Federation of Defense & Corporate Counsel (FDCC), the American College of Coverage Counsel (ACCC), the Claims and Litigation Management Alliance (CLM), and the American Bar Association’s Tort Trial & Insurance Practice Section (TIPS).
Our unparalleled experience with all facets of professional liability coverage, coupled with our geographic reach, enables Cozen O’Connor to offer clients exceptional service in every jurisdiction in the country at sustainable and reasonable rates.