Recouping Madoff Losses Through Insurance

Law360, New York (March 6, 2009, 12:00 AM EST) -- The press has been inundated with reports about an enormous ponzi scheme involving billions of dollars lost by investors who relied on Bernard Madoff ("Madoff"). Much already has been written about the Madoff claims, the liabilities and the federal investigations.

But one area of potential recovery for defendants and claimants in Madoff-related cases receiving insufficient focus is insurance coverage issued to financial institutions and professional service providers who supported and advised Madoff.

Among other types of insurance that may be available to help defray costs associated...
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