Michael Carolan

Troutman Sanders LLP

$ $$$

9th Street Northwest 401
Washington 20004 DC US

Michael Carolan concentrates his practice on litigating, arbitrating and resolving domestic and international disputes involving reinsurance, complex insurance coverage and brokers’ liability. He also counsels clients on regulatory issues, business and settlement strategy, insolvency and liquidation issues, and bad faith exposures.

Michael has represented company and intermediary clients across the life, health and property/casualty markets in disputes regarding policy and contract interpretation, yearly renewable term reinsurance premiums, notice, aggregation of losses, underwriting practices and claims management, life settlements, reinsurance allocations, follow the fortunes and follow the settlements, rescission, fraud, misrepresentation, and sunset and commutation clauses. He has litigated and arbitrated in state and federal courts as well as in a variety of U.S. and foreign arbitral settings.

Michael also has significant experience representing domestic and offshore captive insurance companies and captive managers, providing counseling on reinsurance and fronting arrangements, policy drafting, claims management, regulatory issues and commutation agreements. Prior to practicing law, Michael was a consultant on energy and environmental issues.

Representative Matters :

  • Secured on appeal the reversal of summary judgment against a primary insurer in a suit by an excess insurer revolving around application of the antisubrogation rule and the primary carrier’s claims handling process.
  • Represented several reinsurers in arbitrations over premium rate increases on various blocks of yearly renewable term life reinsurance treaties.
  • Defended a Bermuda excess insurer in a London arbitration involving complex insurance coverage claims relating to significant environmental losses.
  • Represented a cedent arbitrating against a reinsurer that sought rescission of dozens of reinsurance contracts and the return of millions of dollars in loss payments, obtaining 100 percent relief, including the attorneys’ fees incurred by the client.
  • Represented a London-based reinsurance broker in a dispute involving allegations of errors in the placement of a reinsurance program for international energy risks.

Professional and Community Involvement :

  • Co-chair, ARIAS-U.S. Law Committee
  • Newsletter Vice Chair, ABA TIPS Excess, Surplus Lines & Reinsurance Committee

EDUCATION :

  • George Washington University Law School, J.D., 2006
  • University of Michigan, B.A., 2000

BAR ADMISSIONS : District of Columbia, Michigan

Cost

Rate : $$$$

Contact for details

What types of cases Attorney Michael Carolan & Troutman Sanders LLP can handle?
Troutman Sanders LLP can handle cases related to laws concerning Insurance, Business, International Law. We manually verify each attorney’s practice areas before approving their profiles and reviews on our website.
Where is Troutman Sanders LLP located?
Troutman Sanders LLP is located at 401 9th St NW #1000, Washington, DC 20004, USA. You can reach out to Troutman Sanders LLP using their phone line 202.274.2968. You can also check their website troutman.com or email them at [email protected].
How much would it cost to hire Troutman Sanders LLP?
Michael Carolan lawyer charges are specific to each case. However, they work with contingency fees and its ranges from $$ to $$$. They also provide free consultation [and no obligation quotes] if you are interested to hire.
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9th Street Northwest 401
Washington 20004 DC US
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Broadway 42
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