Huhnsik is a partner in the firm's Insurance and Reinsurance Department and Partner-in-Charge of the firm's New York office. He is a seasoned litigator who, for than two decades, has successfully resolved complex, high-value disputes on behalf of the insurance industry in domestic and international arbitrations and judicial proceedings. He successfully applies a focused and result driven approach as coverage and trial counsel to matters related to oil and energy, marine, technology and media, financial institutions, various toxic torts, environmental contamination, products and medical devices, professional services, aviation and life. Clients also rely on Huhnsik's knowledge and understanding of the business of insurance to handle commercial disputes involving producers, books of business, receiverships and reinsurance. Huhnsik has served as counsel in than 70 insurance and reinsurance related proceedings in the U.S. and abroad. He is a fellow of Litigation Counsel of America who is regularly called as a New York law expert in Bermuda form arbitrations and recognized by clients and practitioners in New York Super Lawyers and Super Lawyers Corporate Counsel Edition.
On the non-contentious side, Huhnsik represents insurers in regulatory and transactional matters as well as policy drafting and review. He also counsels transnational and start-up businesses on matters ranging from corporate formation and governance to intellectual property management. Huhnsik maintains his close ties to South Korea and working with diverse teams of lawyers, he continues to assist South Korean clients globally on all types of matters.
• Huhnsik successfully represented the sponsoring company of the first ever securitization of excess liability exposure through a catastrophe bond, in commuting liabilities impairing notes issued by the SPV/reinsurer which were held principally by private equity investors. This matter raised novel issues concerning the structure of the transaction as well as reinsurance and insurance coverage issues.
• Huhnsik regularly represents insurers in Bermuda form arbitrations involving property and liability claims associated with the energy sector as well as various excess liability exposures.
• The jury returned a unanimous defense verdict and our client prevailed in both the Appellate Division and Court of Appeals, when Huhnsik successfully represented an insurer in the defense of a jury trial and appeal of a seminal New York case. The case was on burden on proof and allocation of liability among successive insurers in a coverage dispute involving Con Edison and environmental contamination at its former manufactured gas plant in Tarrytown New York. Consolidated Edison Co. of New York v. Allstate Ins. Co., et al.
• Hunsik has successfully represented insurers as national coordinating counsel in dozens of coverage actions involving various underlying liabilities.
•Huhnsik successfully represented a patent holder in patent infringement and breach of licensing disputes concerning revolutionary in-line skates.
•Huhnsik successfully represented patent holders in their prosecution of infringement claims against some of the largest computer manufacturers in the industry.
•Recently, Huhnsik represented the issuer of global notes in Singapore in increments of $120 million and $100 million as part of the restructuring of short-term debt instruments.
•Huhnsik represented a Korean conglomerate in the formation of a $60 million Cayman Island partnership as an investment vehicle.
•Huhnsik is regularly called upon by foreign insurers to advise on U.S. insurance regulatory issues involving life and P&C companies.
Besides Edwards Wildman
Huhnsik is a black belt in Tae Kwon Do. He is also an avid boater, saltwater fisherman and competitive trap shooter.
US-Korea Law Day
July 26, 2014 event
Edwards Wildman's Huhnsik Chung and Nick Secara Analyze Recent Developments in Class Certification Requirements in Commercial Litigation Insider
March 17, 2014
Huhnsik Chung Honored as a Trailblazer
Bad Faith Laws for Property/Casualty Claims
Edwards Wildman Client Advisory - Binding Arbitration Clauses in Insurance Policies Found Unenforceable in Washington
RIMS Convention & EXPO
April 15-18, 2012 event
Huhnsik Chung Analyze the Coming Wave of Insurance Claims from the BP Oil Spill in Bloomberg Article
September 28, 2010
Insurance and Reinsurance Update - December 2007
September 1, 2004
Edwards Wildman's Huhnsik Chung Outlines How to Navigate the Risks of International Expansion in Advisen Risk
July 23, 2014
Edwards Wildman's Huhnsik Chung Examines What the Anti-Vaccine Movement Means for Insurers in National Underwriter Life & Health
June 18, 2014
Edwards Wildman's Huhnsik Chung Comments on Push for Additional Studies on Methane Leaks in Law360
February 13, 2014
Edwards Wildman's Huhnsik Chung Comments on 9th Circ. Ruling Regarding Arctic Drilling in Law360
January 28, 2014
Edwards Wildman's Huhnsik Chung Comments on Fracking Claims in Pollution-Exclusion War in Law360
September 13, 2013
Edwards Wildman's Huhnsik Chung Analyzes Why New Nuclear Projects Face Tough Odds Amid Gas Boom in Law360
August 30, 2013
Edwards Wildman's Huhnsik Chung Discusses How New EU Laws Will Heighten Cyber Risk Exposure in Reactions
August 21, 2013
Edwards Wildman's Huhnsik Chung, in Law360, Analyzes Risk in Rail Transport
July 12, 2013
Huhnsik Chung, Partner-in-Charge of Edwards Wildman's New York Office, Honored as Trailblazer by Korean American Lawyers Association of Greater New York
July 8, 2013
Edwards Wildman's Huhnsik Chung and Jeff Etherington Comment on How Insurers are Drowning in Regulation in Reactions
April 29, 2013