Rukesh Korde

Rukesh Korde helps corporate policyholders resolve disputes with their insurance companies. Over the past fifteen years, he has helped recover over $1 billion for policyholders in the financial services, manufacturing, pharmaceutical, petroleum, travel services, and electronics industries. His clients rely on the breadth and depth of his knowledge of insurance law and practices, his practical approach, his proactive case management, his tenacity in litigation--and his consistently successful results. Mr. Korde settles and litigates insurance coverage claims for Property Damage; Business Interruption, Contingent BI, and other Time Element Losses; Mass Torts; Construction Defects; Errors and Omissions; Asbestos-related Lawsuits and Bankruptcies; and Environmental Cleanup Costs. Mr. Korde has helped policyholders resolve high value disputes with insurance companies and successfully recover for losses across North America, Europe and Asia. REPRESENTATIVE MATTERS Matters Resolved Prior to Litigation Mr. Korde helped a travel services company develop a strategy to successfully obtain insurance for the impact of the Sept. 11 terrorist attacks on the travel services market. Mr. Korde convinced a group of insurers to cover hundreds of millions of dollars of additional real estate expenses incurred after catastrophic damage to a policyholder’s headquarters building. Mr. Korde successfully advised an Indian-American joint venture on a complex property damage and business interruption claim against as Asian insurance company on losses arising from destruction of a refractory furnace during catastrophic flooding in Mumbai, India. Mr. Korde is currently advising a number of businesses in connection with property damage and business interruption losses arising from Sandy. Litigation Mr. Korde tried an environmental insurance coverage case to a Minnesota jury; the insurers settled the case on favorable terms at the close of policyholder’s case. Mr. Korde prosecuted a complex action in New Jersey state court, securing coverage for the policyholder’s environmental cleanup costs. Mr. Korde has been part of a number of teams that have successfully obtained coverage of asbestos claims while the policyholders were undergoing bankruptcy reorganization under § 524(g), including, among other things, forcing one insurer to post the then largest bond in Ohio history. Mr. Korde was part of a team that successfully pursued numerous insurers in complex case seeking reimbursement of hundreds of millions of dollars to dredge a major U.S. river.