Represent one of the nation's largest operators of petroleum product terminals recovering in excess of $29 million from its property insurers for damage resulting from Hurricane Ike. Settled prior to trial.
Represented a paper mill in negotiating coverage-in-place agreement with its liability insurer related to asbestos-related liabilities. Later negotiated settlement with liability insurer after insurer was placed into receivership. Case settled before trial in original coverage suit; later claim settled without litigation.
Represented a diversified financial services company and regional bank in its claim for D&O insurance coverage, and the fidelity claim that the bank submitted under a financial institution bond for losses related to 70 loans that the bank made, totaling in excess of $14 million, to borrowers who purchased lots in a real estate development that turned out to be a fraudulent scheme perpetrated by the developers and the closing attorney representing the bank.
Represented a retail business in recovering in excess of $5 million from its property insurer for property damage and business interruption losses resulting from Hurricane Ike. Settled without litigation
Represent two office warehouses seeking to recovery from their property insurer more than $15 million in losses resulting from Hurricane Ike. Settled prior to trial.
NLJ Names McGuireWoods’ Stephen Foresta to Inaugural Insurance Law Trailblazers List
March 3, 2021
Nationally Prominent Insurance Recovery Team Joins McGuireWoods in Atlanta
February 22, 2021
Accomplished Insurance Recovery Team Joins McGuireWoods’ Atlanta Office
February 16, 2021
Arbitration vs. Litigation: More Than Just a Preference for RWI Policyholders
February 10, 2021
Court Finds Virginia Law Supports Policyholder’s Potential Recovery for COVID-19 Losses
January 11, 2021
2020 LCIA Arbitration Rules: Updates Focus on Modernisation and Efficiency
September 30, 2020
UK Ruling a “Significant Step” Toward Certainty for COVID-19 Business Interruption Claims
September 21, 2020
Insurance Relief for Riot-Impacted Businesses
June 2, 2020