August 19, 2022

Volume XII, Number 231

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Cary D. Steklof

Cary is an experienced litigator and advisor who represents policyholders in all types of insurance coverage and bad faith disputes.

With experience in the areas of insurance litigation, insurer bad faith and unfair insurance practices, Cary D. Steklof concentrates his practice on advising policyholders in connection with director and officer, error and omission, cyber, commercial general liability and commercial property insurance policies. Cary has directed litigation and handled claims across the spectrum of insurance products and has assisted his clients in obtaining tens of millions of dollars in coverage over the course of his career. In addition to litigating and securing substantial recoveries, Cary has reviewed the insurance programs of domestic and international companies to provide advice on mitigating risks and gaps in insurance coverage. This has included negotiating directly with insurance underwriters to assist clients in seeking the most comprehensive coverage that is commercially available. As a trusted resource for his clients, Cary frequently provides advice to in-house counsel, company executives, and risk managers regarding complex insurance litigation, sources of business exposure, and contract negotiations.

Cary also has extensive experience representing bankruptcy trustees, receivers, assignees and corporate entities in disputes with all types of insurers. He has successfully represented dozens of fiduciary clients seeking insurance proceeds under director and officer insurance policies in some of the country’s highest profile bankruptcy cases. In recognition of his work, the Daily Business Review named Cary a finalist for the Most Effective Lawyers in Bankruptcy award in 2014. Nationally publicized cases in this area have included:

  • In re Rothstein Rosenfeldt Adler, P.A., United States Bankruptcy Court, Southern District of Florida – Secured $10 million in insurance proceeds under various liability policies on behalf of Chapter 11 trustee

  • In re Fontainebleau Las Vegas Holdings, LLC, et al., United States Bankruptcy Court, Southern District of Florida – Obtained $25 million in policy proceeds on behalf of Chapter 7 trustee pursuing debtors’ directors and officers

  • In re CDC Corp., United States Bankruptcy Court, Northern District of Georgia – Achieved $6 million settlement with insurer on behalf of liquidating trustee and entity’s directors and officers

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Articles in the National Law Review database by Cary D. Steklof

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