Andrew Reidy is Co-Chair of Howrey's Insurance Recovery practice. For more than 20 years, he has represented policyholders in disputes against insurance companies under a wide variety of insurance policies, including commercial liability policies, directors and officers insurance policies, property policies, errors and omissions policies, crime policies and financial institution bonds. His experience ranges from counseling about how to maximize an insurance recovery to representing policyholders in mediation, arbitration, litigation and trial. Mr. Reidy's practice is nationwide, in both state and federal courts. He has argued complex insurance issues before the highest courts of three states and obtained hundreds of millions of dollars for clients. Mr. Reidy has authored or co-authored hundreds of articles on insurance topics and frequently lectures about insurance topics. Mr. Reidy has been a frequent speaker at programs sponsored by, among others, Forbes, The Risk and Insurance Management Society, the American Bar Association and Mealey's. He also has lectured on Court TV regarding directors and officers insurance. "Howrey's philosophy is simply - bring together the very best lawyers in very specific practice areas and make sure they have the resources to succeed. It is a great formula that leads to great results for clients."
Representative Highlights
· Goodrich Corporation. Represented Goodrich against more than 30 insurance companies in environmental-related insurance coverage dispute involving cleanup of a formerly owned site. Tried the case against non-settling insurers, resulting in an award of $42 million for cleanup and defense costs, a future award worth tens of millions of dollars, a bad faith verdict and an attorneys' fees award of $12 million. Decision affirmed on appeal.
· Recovery of Directors & Officers Insurance Coverage. Represented L. Dennis Kozlowski, former CEO of Tyco, in obtaining insurance coverage for securities and criminal actions under a directors and officers policy.
· Directors and Officers Insurance Policies. Represented numerous CEOs, CFOs, directors and companies in obtaining insurance coverage under directors and officers insurance policies for securities class actions, derivative actions and criminal proceedings.
· Sun-Times Media Group. Represented a media company and former directors in an action regarding insurance coverage for securities claims. Obtained a favorable forum decision and a decision requiring insurers to advance defense costs.
· The Regence Group. Representation against errors and omissions insurer to obtain insurance coverage for class actions alleging RICO violations.
· Asbestos Liabilities. Represented numerous companies in obtaining defense and indemnification for asbestos liabilities.
· Defamation Lawsuit. Represented a bank and its president in obtaining insurance coverage for lawsuit alleging defamation.
· Construction. Represented numerous subcontractors and obtained insurance coverage for a construction dispute involving the Washington DC Metro system.
· Recovery of Insurance Coverage for Financial Institution. Represented a financial institution in obtaining coverage for lawsuits alleging discrimination in lending, slander and defamation, and various business torts.
· Insurance Recovery for Employee Theft. Represented numerous entities in obtaining coverage for employee theft or losses due to dishonesty. Counseled clients about proofs of claim and examinations under oath.
· Claims Arising Out of Terrorist Attacks of September 11, 2001. Represented major financial institution and several companies in property loss and business interruption claims arising out of the terrorist attacks of September 11, 2001.
· Claims to Receivers of Insolvent Insurers. Represented several companies in presenting claims to receivers of insolvent insurers.
· Employment Liability Insurance. Counseled numerous clients about employment-related practices liability insurance.
· Liggett Group, Inc. Represented manufacturer in insurance coverage dispute against more than thirty insurance companies involving bodily injury, personal injury, and advertising injury coverage.
· Patent and Trademark Liabilities. Represented clients seeking insurance recovery for patent and trademark liabilities.
· Richmond, Fredericksburg & Potomac Railroad. Obtained settlements relating to environmental cleanups. Professional Affiliations
· The Insurance Coverage Law Bulletin, Board of Editors, 2003 Publications & Speaking Engagements Articles "Insurance Coverage for Companies Facing a Government Investigation." Bloomberg Insurance and the Director & Officer Liability Law Report (December 2009). "Indemnity Risks." Risk (Fall 2009). Co-authored with Seth Lamden. "Subprime Insurance Coverage Battles Fallout." Risk Management Magazine (June 2008). "Protecting a General Contractor from Liability Caused by a Subcontractor." The Brief (Spring 2008). Co-authored with Seth Lamden. "Personal Conduct Exclusions in D&O Policies." The Insurance Law Bulletin 6, No. 7 (August 2007). Co-authored with Kyle S. Cohen. "Delaware Court Keeps D&O Case, Orders Carriers To Immediately Advance Defense Costs." Risk (Winter 2007). Co-authored with Catherine J. Serafin. "Taking Stock." Corporate Counsel (November 2006). Co-authored with Catherine Serafin. "Is Insurance The Silver Lining For Stock Option Claims?" Securities Law 360 (August 11, 2006). Co-authored with Catherine Serafin. "D&O Cover a Valuable Asset Worth Preserving." Business Insurance (June 26, 2006). "Key Battlegrounds in Seeking Coverage for Corporate Mismanagement Under D&O Policies." International Journal of Disclosure and Governance 3, No. 2 (June 2006). "Does It Really Matter Who Pays." The Insurance Coverage Law Bulletin 5, No. 5 (June 2006). "Timing is Everything: Look to Your D&O Coverage Now if Facing Allegations of Improper Option Grants." Risk, 3rd Quarter (2006). "The Defense Must Go On: Insurance Company's Rescission Defense Does Not Pre-empt Its Obligation To Defend Its Insured." The Insurance Coverage Law Bulletin 3, No. 4 (May 2004). Co-authored with Catherine Serafin. "Insurance Coverage for Intellectual Property Liabilities." Insurance Advisor (July 2003). Co-authored with Donald Johnson, Bikram Bandy. "Reeling in Insurance Coverage Issues in the Wake of Port Closures." American Association of Exporters and Importers Alert (October 2002). "On Your Mark, Get Set, Go!: Beware of Insurer Forum Shopping." Insurance Advisor (October 2002). Co-authored with Cass Christensen. "Insurance for Emerging Mass Torts: Cell Phones, Guns and Tobacco." Mealey's Conference Handbook (June 2002). "Business Interruption Coverage: How to Value Your Loss and Recognize Insurer Bad Faith in the Valuation Process." Insurance Advisor (February 2002). Co-authored with Robert Carter, Kathrin Smith. "Attorneys Fees in Coverage Actions: Making Insurers Foot the Bill." Insurance Advisor (September 2001). Co-authored with Kathrin Smith. "Defining the Role of the Broker." Insurance Advisor (July 2001). Co-authored with Stacey Feldman, Stephen Goldman. "Don't Put the Policyholder in the Back Seat: Ethical Duties of Defense Lawyers." Insurance Advisor (August 2000). Co-authored with Stephen Goldman. "Finding Insurance Coverage for Year 2000 Liabilities." United States Litigation Yearbook 1998 (December - January, 1997). "Finding Insurance Coverage for Telcommuting Losses." International Commercial Litigation (October 1997). "The Great Escape: Insurance Companies Relying on Professional Services Exclusion to Deny Claims." Insurance Teller (Fall 1996). Co-authored with Lawrence Gleason. "Financial Institution Bonds: Has the Definition of 'Discovery' Added Any Clarity?" Insurance Teller (Fall 1996). "The Pitfalls of Fidelity Insurance." The National Law Journal (March 1996). "Knowing the Response to Your D&O Insurer's Hardball Tactics." Banking on Insurance (Winter 1995) and (Winter 1994). Speeches "What's New in D&O Claims and Coverages." Howrey & Marsh, (March 27, 2008). Presented with Catherine J. Serafin . "Insurance Coverage Issues Arising Out of the Subprime Mortgage Crisis." Risk and Insurance Management Society, Webinar (March 13, 2008).