Director & Officer / Professional Liability
MCWG attorneys offer comprehensive representation to management and professional liability insurers. Our insurance company clients provide coverage to Fortune 500 companies, private companies and non-profits operating across diverse global business sectors including financial institutions and financial services, pharmaceuticals, entertainment and media, mining, technology, digital service providers, food and beverage, oil and gas, and other professional services companies. To best assist and advise our insurance company clients, MCWG attorneys offer expertise across varied coverage lines, including directors and officers liability, financial institution professional liability, fiduciary liability, and errors and omissions/professional liability.
Directors and Officers Liability
MCWG attorneys have decades of experience representing primary, excess and “Side A” insurers in connection with directors and officers liability policies. Our attorneys have counseled insurance companies on some of the most significant and complex directors and officers claims, including those arising out of securities class actions, derivative lawsuits, bankruptcies, SEC and other regulatory investigations, as well as criminal investigations and trials. MCWG attorneys provide advice throughout the lifespan of the claim, including comprehensive coverage analysis, efficient monitoring of multifaceted claims, strategy assessment, damage evaluation and claim resolution. In addition, our attorneys provide thoughtful solutions in the mediation and settlement process. When necessary, our attorneys have successfully defended insurers in D&O coverage disputes, including claims for extra-contractual damages.
MCWG attorneys have assisted global insurance companies with the drafting of D&O policies, including drafting policy language and endorsements and providing thorough review, comment and analysis of existing policy forms.
MCWG attorneys represent insurers in connection with claims for breach of fiduciary duty under ERISA, HIPAA and other provisions involving the management and administration of pension plans, savings plans, profit-sharing, employee benefits, and health and welfare plans. Our attorneys assist insurers with the claim process, including providing an assessment of the merits of the underlying litigation, coverage analysis, identification of insureds, advice on the insurers’ rights and obligations under the policy, damage evaluation and claim resolution.
Financial Institution Liability
MCWG attorneys have extensive expertise working with financial institutions liability coverage including coverage for banks, insurance companies, private equity investment groups, investment advisors, mutual funds, investment banks, security broker dealers, and insurance agents. Our attorneys are practiced in the coverage issues particular to these claims, as well as the intricacies of the underlying litigation as is often seen in securities claims, regulatory claims, merger and acquisitions, bankruptcy, investment related claims and claims involving mortgage-backed securities. MCWG attorneys have advised insurance company clients on coverage and strategy, from inception to resolution, including drafting of complex release and settlement agreements.
Professional Liability/Errors and Omissions
MCWG provides advice to its insurance company clients in connection with professional liability policies issued to lawyers, accountants, architects, engineers, insurance agents, real estate brokers, and other professionals. Our attorneys provide in-depth coverage analysis under the error and omissions policy form in conjunction with an evaluation of the merits of the underlying negligence claim. MCWG attorneys have successfully worked with defense counsel to reach reasonable resolutions of the underlying claims as well as reconcile potential coverage disputes.