Subrogation Partners Secure Large Recoveries on Behalf of Their Insurance Clients

Posted in Verdicts and Settlements on July 13, 2022

Todd Feldman and Stuart Cohen, both partners in Conroy Simberg’s Subrogation Department, were able to secure a recovery of just under $1 million for their client, which paid its insured after a substantial water loss in a condominium.  The loss was caused due to the alleged negligence of a contractor that previously performed work in the condominium.  With only $2 million in available coverage and multiple-competing claims that substantially exceeded the limits of the target company, Conroy Simberg obtained nearly half of the available funds for its client with an early resolution, leaving several other claimants involved in complex and lengthy litigation to try to establish their claims against the contractor.  

In a separate matter, Todd Feldman and Stuart Cohen secured a recovery for their insurance carrier client in the amount of $262,500.00, which was approximately 73% of the full damages paid by the carrier to its insured.  The case involved a roofer that allegedly broke a sprinkler pipe in the attic of a single-family home, causing substantial damages that the insurance carrier was required to pay to its insured.  The resolution obtained by Conroy Simberg was significantly higher than the national average for recovery cases and was obtained pre-suit, avoiding the time and expense associated with litigation.