Michael T. Carolan is a counsel in Crowell & Moring's Insurance/Reinsurance Group in Washington, D.C., where he focuses on litigating and arbitrating disputes concerning a variety of issues, including reinsurance, complex insurance coverage, and brokers' liability. Michael has represented both company and intermediary clients in life, health, and property/casualty disputes regarding issues such as policy and contract interpretation, notice, underwriting practices and claims management, allocation, follow the fortunes, rescission, fraud, misrepresentation, and sunset and commutation clauses. He has also written on reinsurance issues related to credit default swaps and financial products.
Prior to joining Crowell & Moring, Michael represented a variety of domestic and offshore captive insurance companies owned U.S. corporations, providing counseling on tax and health care issues, reinsurance and fronting arrangements, policy drafting, claims management, and commutation agreements. Prior to entering the practice of law, Michael was a lobbyist and consultant on energy and environmental issues.
Michael is a graduate of George Washington University Law School and the University of Michigan. He is admitted to both the District of Columbia and Michigan bars.
Publications
· "Coping with the CDS Crisis: Lessons Learned from the LMX Spiral," Journal of Reinsurance, Vol. 16, No. 2 (Spring 2009). Co-Authors: William O'Neill, Nilam Sharma, Michael Carolan and Zainab Charchafchi.
Alerts & Newsletters
· "U.S. House of Representatives Passes Nonadmitted and Reinsurance Reform Act, Encouraging Consistency in the Regulation of Surplus Lines Insurance and Reinsurance," Reinsurance Alert (September 17, 2009). Contacts: William C. O'Neill, Deirdre G. Johnson, Jennifer R. Devery, Michael T. Carolan, Harry P. Cohen.