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Lowenstein Sandler LLP

Andrew Reidy

Andrew Reidy

Partner

Lowenstein Sandler LLP
D.C., U.S.A.

tel: 202.753.3752
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In exclusive interviews on Lowenstein's YouTube channel, Andrew Reidy discusses:

Andrew represents policyholders in disputes against insurance companies in connection with a wide variety of insurance policies, including directors and officers (D&O), commercial liability, property, errors and omissions, crime, and fidelity policies. His clients, including Fortune 100 corporations and governmental entities, rely on his "deep subject matter expertise" (Chambers) in insurance-related disputes throughout the country.

Andrew's practice includes a broad spectrum of legal services, from counseling companies on how to maximize an insurance recovery to representing policyholders in mediation, arbitration, litigation, and trial in state and federal courts. In the course of 30 years of representing policyholders, he has successfully tried insurance cases and argued complex insurance issues before numerous courts, including the highest courts of Massachusetts, Iowa, and Delaware.

Andrew has authored and co-authored hundreds of articles and frequently lectures on coverage issues. He has been a regular speaker at programs sponsored by, among others, Forbes, Mealey's, The Risk and Insurance Management Society, and the American Bar Association. He has also appeared on Court TV regarding D&O insurance.

Andrew is recognized as a leading lawyer nationally by Chambers USA. According to the 2016 edition of the guide, sources say, "He probably has some of the best practical common-sense judgment that I've ever seen in a lawyer. He's able to hone in very quickly on the strengths or weaknesses in a client's case and he will be honest with his clients both ways."

Bar Admissions

    District of Columbia
    Massachusetts

Education

The George Washington University Law School (J.D. 1987)
Boston College (B.A. 1984), cum laude
Areas of Practice
Professional Career

Significant Accomplishments

Represented several Blue Cross Blue Shield entities in litigation to obtain insurance coverage for RICO class actions. Obtained significant rulings about the broad scope of reinsurance discovery. Matter settled formally on the eve of trial.

Represented an equipment manufacturer in obtaining summary judgments for tens of millions of dollars for defense costs relating to asbestos cases; successfully argued appeal upholding the award of coverage.

Represented Goodrich against more than 30 insurance companies in an environmental liability coverage dispute. Tried the case against non-settling insurers, winning an award of $42 million for cleanup and defense costs, a future award worth tens of millions of dollars, a bad faith verdict, and an attorneys' fees award of $12 million. The decision was later affirmed on appeal.

Represented the former head of Tyco Inc. in obtaining a declaration that Chubb had a duty to defend and pay defense costs in civil and criminal actions; the ruling was affirmed on appeal.

Represented Barrick Gold Corporation in mediation to obtain insurance coverage for settlement of a securities class action; the matter was resolved in mediation.

Speaking Engagements

Lowenstein Sandler is partnering with Bloomberg Law to host a complimentary executive breakfast briefing on innovation and risk. This event will explore the critical areas of compliance and risk management for companies that must continue to innovate to thrive. The speakers will discuss innovations that leverage the Internet of things to create new opportunities, revenue streams, and differentiated products for businesses. The invitation-only Bloomberg NEXT series is designed to bring together senior professionals who are shaping the future of business and work, technology and innovation, law and governing. Jeff Blumenfeld will kick off the event with an introduction and Andrew Reidy will speak on a panel entitled "The Risk of Connectivity."

Andrew Reidy will introduce the panel "Spotlight on Corporate Litigation" including speakers Michael Brizel, Executive Vice President & General Counsel at Fresh Direct; Michael McQueeney, Senior Vice President, Deputy General Counsel, Litigation and Regulatory Affairs at Pearson; and David Shapiro, Senior Vice President & Chief Legal Officer at Air Canada. The panel will be moderated by Hih Song Kim, Senior Vice President, General Counsel at Stoli Group. The Argyle Executive Forum brings together leading senior legal executives for a full day of thought leadership content and networking opportunities with an agenda geared toward general counsels, chief legal officers, chief compliance officers, and other in-house counsel.

Lowenstein Sandler is hosting a breakfast seminar entitled "The False Claims Act – Recent Developments, Best Practices, and Pursuing Insurance To Manage the Risk." Scott McBride, Andrew Reidy, and Joe Saka will address precautionary steps companies can take to comply with the FCA, tips for strategically responding to a government investigation, and how businesses may be able to utilize insurance coverage to manage the risk of FCA claims. The seminar will also highlight the intricacies of the FCA and emerging trends, including the surge in well-funded whistleblowers with sophisticated counsel, the targeting of individual officers and directors, and the increased exposure of financial intuitions and financial services companies.

You have an insurance claim and management wants a quick but fair resolution with the insurance company. What steps should you take to best position the matter for settlement? What will get your claim resolved more promptly? Are there different strategies to consider for claims in litigation and those not in litigation?

Our program speakers will address cyber exposures and how insurance will help manage cyber risk including:

  • Understanding the latest cyber exposures that have been identified
  • The insurance products in the marketplace and how to differentiate among them
  • Navigating the application and underwriting process for cyber insurance
  • Identification of insurance policy provisions that are more beneficial
  • Where insurance fits into your plan in responding to a cyber breach or loss
  • Tips to obtain coverage promptly in the event of a loss
  • Ways to persuade insurers to pay the fair value of your claim or loss

For more information, email [email protected]

How does your business minimize its risk and liabilities in contractual relationships with vendors, contractors, and others? Your contracts may contain “additional insured” provisions that protect your business under another organization’s general liability insurance policy. You might even be engaged in such an arrangement. But do you know enough to make sure your interests are protected?

Join the lawyers from Lowenstein Sandler’s Insurance Recovery practice and a broker from Lockton Companies who work closely with these issues to gain answers to these and other questions as we explore how to identify, minimize, and avoid additional insured coverage risks.

Attend this session to learn about these and other issues:

  • The relationship between contractual indemnification provisions and insurance.
  • How to preserve coverage in the event of claims or potential claims.
  • The rights of the additional insured vis-a-vis the named insured.
  • Scope of coverage under additional insured provisions.
  • Commonly asserted coverage defenses to additional insured coverage.
  • Recent and relevant court decisions.
  • How to spot narrow policy language.

Panelists:

This webinar takes place 2-3 p.m.

NOTE: We have developed a brief survey to understand your company’s additional insured practices. We would appreciate your response and will share key findings during the webinar. Please copy and paste this link into your browser for the survey: https://lowensteinsandler.typeform.com/to/KvraGX

Although you may be familiar with your organization’s insurance policies, is your company utilizing best practices to maximize coverage for claims and losses?

The panel for this program will provide insight from two different perspectives:

  • Experienced insurance brokers will discuss ways to address common placement issues after an insurance claim and to obtain coverage without litigation.
  • Counsel for corporate policyholders will explain recent important appellate decisions and their ramifications on obtaining coverage, highlight common obstacles to resolving insurance disputes, and discuss strategies for maximizing your insurance recovery.

For more information or to register, please email [email protected]



Professional Activities and Experience

Accolades
  • Chambers USA: America's Leading Lawyers for Business - Andrew Reidy (Nationwide)
  • Chambers USA: America's Leading Lawyers for Business - Reidy (DC)
  • The Best Lawyers in America (2017-2020) - Reidy
  • Washington DC Super Lawyers - Reidy
  • Benchmark Plaintiff - Reidy

Articles

Maximizing Insurance Coverage for Cyber Losses: Two New Decisions Highlight Potential Recovery Sources
Lowenstein Sandler LLP, July 2018

Businesses prudently and increasingly purchase stand-alone cyber insurance policies to manage the risk of cyber breaches and attacks. Two decisions from separate U.S. Courts of Appeals in the past two weeks highlight the fact that in-house counsel and risk managers should look to their organizations’ traditional insurance policies as a source of potential coverage for cyber-related losses. Spec’s Fam. Partners, Ltd. v. Hanover Ins. Co...

Additional Articles

Companies spend hundreds of millions of dollars annually to ensure compliance with the FCPA. But, regardless of robust policies and regular training, some employees may take shortcuts in seeking to obtain business abroad. To fully manage the risk of FCPA claims, companies should examine their liability insurance policies – specifically their directors and officers (D&O) policies as they are most likely to respond to FCPA claims – to protect themselves from this risk.


Businesses purchase D&O policies to cover claims made against their directors and officers and, in some instances, the company. However, not all policies are identical, and the protection provided can vary greatly depending on the applicable language. In assessing the possibility and breadth of coverage for FCPA claims, here are a few critical (though not exhaustive) questions a company should consider.

New York always is at the vanguard of innovation when it comes to making people’s lives better with such inventions as air conditioning, credit cards and, not to be forgotten, the Cronut. This year, New York again is at the forefront of change. On March 1, 2017, the New York Department of Financial Services (DFS) issued “first-in-the-nation” cybersecurity regulations. 23 NYCRR 500. Governor Andrew Cuomo stated that the regulations will help assure that the financial services industry “has the necessary safeguards in place in order to protect themselves and the New Yorkers they serve from the serious economic harm caused by these devastating cyber-crimes.”


The regulations impose stringent requirements on all businesses regulated by DFS, including banks, insurers, and other financial services companies. Subject entities, for example, will be required to appoint a chief information security officer, conduct regular cyber testing, provide cybersecurity awareness training, and implement multi-factor authentication. By August 28 of this year, covered businesses are required to meet certain of the regulations. By Feb. 15, 2018, companies are required to file a certification confirming compliance with the regulations. By March 2019, companies will be required to look beyond their own practices to ensure that vendors and third-party contractors also are meeting certain standards.


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