Stan Figura is a partner whose practice focuses on the resolution of complex insurance coverage and reinsurance disputes. He represents insurance companies in state and federal courts throughout the United States in declaratory judgment actions involving a wide range of coverage issues, including product liability, asbestos, pollution, toxic tort, construction defect and fidelity bond coverage disputes.
He had a central role in obtaining a favorable judgment on late notice grounds impacting approximately $200 million in claimed coverage following a lengthy trial in the Celotex bankruptcy proceeding in Tampa, Fla. He also represents reinsurance companies in litigation and arbitrations involving disputes over contract interpretation, allocation of losses and billing.
He has been named an Illinois Super Lawyer in the area of insurance coverage, and has been selected to the "Leading Lawyers" list published by the Law Bulletin Publishing Company.
Celotex Corp. v. AIU Ins. Co., 216 B.R. 867 and 222 B.R. 644 (Bankr. M.D. Fla. 1998), aff'd, In re Celotex Corp., 299 Fed. Appx. 850 (11th Cir. July 7, 2008) Coverage for asbestos claims barred due to late notice.
Washington Schools Risk Management Pool v. American Protection Ins. Co., 2004 U.S. Dist. LEXIS 28647 (W.D. Wash. Nov. 9, 2004) Granting summary judgment to retrocessionaire on direct claim asserted by cedent's insured alleging that cedent was a fronting company for reinsurer.