Edward J. ("Ted") Stein is a litigator in AKO's insurance coverage group. He has represented policyholders in environmental, directors and officers, professional liability, fidelity, and other insurance coverage cases against U.S. and London market insurers. Mr. Stein has extensive pre‑trial, trial and ADR experience in these matters. Mr. Stein also has represented a broad range of clients in business, banking, and real estate litigation and in environmental litigation and compliance matters. Before joining AKO in 1997, Mr. Stein represented policyholders in similar insurance disputes and environmental matters as an associate with law firms in Los Angeles, California and Boston, Massachusetts.
Mr. Stein is also a member of Anderson Kill's Financial Services Industry Group.
Mr. Stein is a past member of the Editorial board of IRMI's CGL Reporter.
In 2010 and 2011, Mr. Stein was selected by his peers to Super Lawyers for Insurance Coverage.
Confidential Settlements - In recent years, Mr. Stein represented two regional banks in separate employee dishonesty claims involving loan losses, each of which was resolved through the insurance companies’ payment of the full respective primary limits, along with several other favorable settlements involving E&O insurance in the financial services sector, products liability insurance, fiscal event insurance, and insurance broker malpractice.
Confidential Arbitration - In 2008, AK secured a multi-million dollar recovery in a confidential arbitration concerning a tax liability insurance policy which insured against the risk of IRS liability in connection with a controversial tax reduction strategy developed by a major accounting firm.
State of California v. Continental Insurance Co., 55 Cal. 4th 186 (2012)
State of California v. Allstate Insurance Co., 45 Cal. 4th 1008 (2009)
Times-Picayune Publishing Corp. v. Zurich American Insurance Co., 421 F.3D 328 (5th Cir. 2005)
First Aviation Services, Inc. v. Gulf Ins. Co., 205 F.R.D. 65 (D. Conn. 2001)
Textron, Inc. v. Aetna Cas. & Sur. Co., 754 A.2d 742 (R.I. 2000)
"Dodging the 'Direct Loss' Bullet," Risk Management Magazine (March 2014)
"MF Global Wins One for Fidelity Insurance Policyholders," Agents of America.org (October 1, 2013) and Anderson Kill Policyholder Advisor (July/August 2013)
"Annual Survey of Developments in Insurance Coverage Law," Connecticut Bar Journal, Vol. 87, No. 2 (June 2013) (with Cort T. Malone and Anna M. Piazza)
"All Sums, All Policies For Long-Tail Claims," Advisen (March 7, 2013); Risk Management magazine (November 26, 2012) and AKO Policyholder Advisor, Volume 21, Number 5 (September/October 2012) (with Robert M. Horkovich)
"The Termination Provision in Fidelity Insurance Policies: Practitioners Discuss a Split in Authority," Bloomberg Reports® Commercial Insurance (March 2012)
"Declining Asset Values and Fidelity Insurance Coverage," Risk Management Magazine (June 2011) (with Robert M. Horkovich and Peter A. Halprin)
"Maximizing Fidelity Loss Recoveries," Corporate Counsel (September 2009) and AKO Policyholder Advisor, Vol. 18, No. 4 (July/August 2009)
"Keeping an Eye on the Ball: Advocating and Protecting the Scope of Coverage in a Sensitive Market," Enforce: The Insurance Policy Enforcement Journal, Vol. 7, Issue 1 (2009) (with John G. Nevius and David E. Wood)
"Strengthening the Slingshot: Policyholders May Assert Claims For Insurers' Failure To Disclose The Right To Independent Defense Counsel," Corporate Counsel (October 2008) and AKO Policyholder Advisor (May/June 2008)
"Please, Sir, I Want Some More' - Getting Multiple Limits On Fidelity Claims," AKO Financial Services Alert (Winter 2003/2004)
"The Duty To Defend And Allocation Of Defense Obligations Under Commercial General Liability Insurance Policies - New York and New Jersey Law," New York State Bar Association, Commercial Lines Insurance Coverage With Advanced Issues (Spring 2004)
"Straight Answers On 'Direct Loss' In Fidelity Claims," AKO Financial Services Alert (Spring 2003)
"No Time Like The Present: Current Insurance For Future Costs And Claims," Corporate Counsel (January 2003) (with Robert M. Horkovich)
"No Time Like The Present: Current Insurance Recoveries For Present Liabilities That Include Future Costs And Claims," AKO Policyholder Advisor (July 2002) (with Robert M. Horkovich)
"Come Out, Come Out, Wherever You Are: Insurance Companies Cannot Hide Claims Handling Evidence Behind The Attorney Client Privilege," AKO Policyholder Advisor (May 2001)
"Supreme Court Of Rhode Island Rules For Policyholders On Pollution Exclusion And 'Trigger Of Coverage,'" AKO Policyholder Advisor ( August 2000)
"Current Issues in D&O and Professional Liability Insurance," Association of the Bar of the City of New York (June 18, 1999)
"Hazardous Waste and the Comprehensive General Liability Policy," Annual Survey of American Law 461 (1988)
"Attormey Ethics on the Road to Insurance Recovery," Anderson Kill 17th Annual Policyholder Advisor Conference, New York, NY (October 17, 2013) (with Steven J. Pudell)
"Property & Business Interruption Losses: Superstorm Sandy Lessons Learned," Connecticut Law Tribune In-House Counsel CLE Seminar, Stamford, CT (September 18, 2013) (with Marshall Gilinsky)
"Top 10 Insurance Tips for Corporate Lawyers and Risk Managers," Connecticut Law Tribune's In-House Counsel CLE Seminar, Stamford, CT (October 17, 2012)
"How to Evaluate and Settle An Insurance Claim," CT RIMS Chapter, West Hartford, CT (March 21, 2012) (with Cort T. Malone)
"D&O Insurance by the Number$," Connecticut Bar Association's Insurance Law Section, West Hartford, CT (February 8, 2011)
"Financial Services: From FDIC Suits to Employee Threats," Industry Breakout Sessions: Important Issues Affecting Key Industries, 14th Annual Policyholder Advisor Conference, New York, NY (September 23, 2010) (with Mark Garbowski)
"Financial Services - Non-D&O Insurance Recoveries from the Subprime Crisis," Industry Breakout Sessions: Important Issues Affecting Key Industries, 12th Annual Policyholder Advisor Conference, New York, NY (September 17, 2009) (with Mark Garbowski)
"Maximizing Fidelity Loss Recoveries," 12th Annual Policyholder Advisor Conference, New York, NY (September 17, 2009) (with Frederick A. Pettit)
”Financial Services – Overview of Liability and Coverage Issues,” 11th Annual Policyholder Advisor Conference, New York, NY (September 18, 2008) (with Finley Harckham)
”Ethics – Conflicts Counsel,” 11th Annual Policyholder Advisor Conference, New York, NY (September 18, 2008) (with Kenneth Sharperson)
"Westchester Community College Center for Insurance Education and Westchester CPCU Chapter: CPCU Seminar Day," Valhalla, NY (May 17, 2006)
New York, Connecticut, California and Massachusetts
American Bar Association
New York University School of Law, J.D.
Amherst College, B.A.