Financial Institutions and Fidelity
KCESD has a wealth of financial institutions insurance and fidelity expertise.
KCESD has a wealth of financial institutions insurance and fidelity expertise. KCESD attorneys have represented both London Market and domestic insurers in claims involving a variety of financial institutions coverages, including bond, directors and officers’ liability, trust errors and omissions, bankers professional liability, fiduciary liability, and electronic and computer crime. These claims have involved commercial banks, savings and loans, stock brokerages, mortgage bankers and brokers, insurance companies, accounting firms, and other financial institutions.
We have investigated large, complex bond claims for our insurance clients, including claims based on employee dishonesty, third-party fraud, forgery, computer crime, in transit, and other bond coverages. In addition, KCESD attorneys advise insurers with respect to coverage and provide counseling concerning claims handling issues. Our attorneys have also litigated coverage cases on behalf of our insurance clients and have negotiated numerous bond claim settlements both within and outside of the litigation process, including the resolution of claims pursued by regulatory authorities in connection with closed banks and savings and loans.
We have also performed claim audits on behalf of our clients as well as risk surveys designed to assist our clients in their underwriting of specific financial institutions. From the central location of Chicago, our attorneys perform these services for clients on a national scale, investigating and litigating claims matters in all regions of the United States.
Our attorneys have provided these same services in the context of other financial institution policies, investigating, negotiating, and litigating numerous directors and officers’ liability, trust errors and omissions, and professional liability claims. We have also drafted numerous bond, directors and officers’ liability, and professional liability policies and endorsements for our insurance clients, ranging from specimen forms to be used in financial institutions programs to highly customized wordings designed for specific insureds.