Financial Institutions & Fidelity

KCESD has a wealth of financial institutions insurance and fidelity experience. Our attorneys have represented both London Market and domestic insurers in claims involving a variety of financial institutions coverages, including:

• Bond
• Professional liability
• Directors' and officers' liability
• Trust errors and omissions
• Fiduciary liability
• Electronic and computer crime

These claims have involved a wide range of financially-related insureds, including commercial banks, mortgage bankers and brokers, savings and loans, stock brokerages, title agents, escrow agents, 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. Additionally, 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 financial institutions.

Our attorneys have provided these same services in the context of other financial institutions policies, investigating, negotiating, and litigating numerous professional liability, employment practices liability, directors' and officers' liability, and trust errors and omissions claims. KCESD attorneys have also drafted bond, professional liability, employment practices liability, and directors' and officers' liability policies and endorsements for our insurance clients. This has ranged from specimen forms for financial institutions programs to highly customized wordings designed for specific insureds. We have also performed claim audits on behalf of our clients.