Jared Zola

Insurance Coverage

Partner
1633 Broadway New York, New York 10019-6708
T: (212) 277-6684 zolaj@dicksteinshapiro.com

Biography

Jared Zola is the northeast regional leader for Dickstein Shapiro’s Insurance Coverage Group and is based in the firm’s New York and Stamford offices. He also leads the group’s Property & Business Interruption Practice. His work secured more than $800 million of dollars in insurance recoveries for clients.

Jared’s work maximizing insurance assets to increase clients’ bottom line in cutting edge coverage cases across the country earned him recent praise. In 2014, Law360 named him a “Top Attorney Under 40” in Insurance Coverage (one of four nationally). The 2013 edition of Chambers USA: America’s Leading Lawyers for Business ranked him in the “Policyholder: New York” category and commentators said he is “accomplished, responsive, and provided clarity throughout the legal process—he was unequivocal in his commitment to the legal resolution.” The 2012 edition of Legal 500 recognized Jared as “outstanding.” New York Super Lawyers also recognized Jared in its 2011 through 2013 editions.

AREAS OF CONCENTRATION

His practice focuses on representing corporate policyholders in insurance coverage litigation, as well as negotiating settlements with prominent property and casualty insurers. Since joining the firm, Jared has participated in the trials of several major coverage matters and dealt with a variety of significant and complex insurance coverage disputes.

Jared has significant first-party property and business interruption coverage experience. He currently represents an international real estate conglomerate in connection with "Superstorm Sandy" losses and, in the past, secured significant settlements and verdicts stemming from 9/11, fire, weather-related, and other first-party losses.

Jared works extensively in securing insurance coverage under professional liability and employment practices liability insurance policies for losses that clients incur stemming from False Claims Act investigations and litigations. In this emerging coverage area, he currently counsels clients in a broad array of industries including several large government contractors.

Jared is rapidly building a national reputation representing entities that allegedly negligently hired and supervised individuals accused of sexually molesting children. With Dickstein Shapiro colleagues, Jared represents the Roman Catholic Bishop of Helena, Montana in a coverage litigation pending in Montana state court, and the Corporation of the Catholic Archbishop of Seattle in an adversary proceeding pending in the U.S. Bankruptcy Court for the Southern District of New York.

Recently, in four unrelated matters, Jared represented a multibillion-dollar private equity fund and three large publicly traded companies in corporate transactions as insurance due diligence counsel. These matters included a master franchise agreement in Finland in early 2013 and one of the largest global acquisitions in 2013. Following the acquisition, Jared represented one of the private equity purchasers as coverage counsel in connection with the subsequent shareholder derivative suits.

In addition, Jared has significant experience in more traditional complex insurance coverage disputes including professional liability, political risk, asbestos, environmental, toxic torts, construction defects, directors and officers, and bad faith.

BACKGROUND

Prior to joining Dickstein Shapiro in 2006, Jared worked as an associate at an insurance coverage litigation boutique law firm, where his practice focused on the representation of policyholders in insurance coverage disputes including several property and business interruption losses arising from the 9/11 terrorist attacks. There, he played a major role in several trials in which the policyholders obtained multimillion-dollar verdicts.

While in law school, Jared served as the managing editor of the Cardozo Arts and Entertainment Law Journal and received the Jacob M. Burns Medal for his outstanding educational achievements.

PROFESSIONAL ACTIVITIES

Jared provides pro bono legal representation to homeowners in the greater New York City area seeking insurance coverage for losses sustained in "Superstorm Sandy." Jared also represented—on a pro bono basis—the Queens Comprehensive Perinatal Counsel, obtaining a favorable settlement on the opening day of trial. He recently received correspondence from that client, which stated: “You provided QCPC, Inc. with stellar pro bono legal assistance. You were professionally responsive; provided clarity throughout the process; and [were] committed to a legal resolution.”

Jared co-chairs the New York County Lawyers’ Association’s Insurance Coverage Subcommittee.

He is also a member of the firm’s Pro Bono Committee.

OUTSIDE THE FIRM

Jared is a regular fixture in spin classes at Soul Cycle’s Tribeca studio in lower Manhattan. He supports several charities including Charity:Water, which works in 20 developing countries around the world, bringing clean water to people in need.

Full Biography

Experience

  • Coverage counsel for multibillion dollar private equity firm 3G Capital Partners Ltd. in connection with insurance due diligence projects and securing coverage for shareholder derivative lawsuits.

  • Represents and counsels one of the world’s largest systems integrators in connection with its insurance coverage matters. One such matter secured insurance coverage for losses stemming from a False Claims Act (FCA) litigation related to technology alliances—part of a series of cases involving the largest procurement-related FCA litigation in the last three years.

  • Represents CT Investment Management Co., LLC in a political risk insurance coverage matter pending in New York Supreme Court, Commercial Division in which CT seeks coverage under a political risk insurance policy for losses that it suffered with respect to various financing transactions involving Mexican resorts. The lawsuit is important in providing guidance regarding what actions by a foreign government are covered by insurance sold to many businesses conducting business on an international basis.

  • Represents El-Ad 250 West LLC, an international real estate development conglomerate's subsidiary, seeking property and business interruption insurance coverage for Superstorm Sandy losses.

  • Represents a public company seeking to recover millions of dollars from its D&O insurer for losses arising from a shareholder derivative lawsuit in Delaware Chancery Court.

  • Represents a publicly traded technology products and services provider seeking to recover insurance proceeds to cover losses for alleged retaliatory termination of a whistleblower in an underlying False Claims Act litigation.

  • Roman Catholic Bishop of Helena, Montana v. Catholic Mutual Ins. Co., et al.

    Represents the Diocese in an insurance coverage litigation seeking to recover losses stemming from suits alleging childhood sexual abuse.

  • In re: The Christian Brothers' Institute, et al.

    Represents the Seattle Archdiocese in an adversary proceeding against its liability insurers for a declaration stemming from alleged sexual abuse liabilities.

  • In 2013, represented an investment management company seeking professional indemnity insurance coverage for losses incurred from a bond revaluation.

  • In 2013, served as insurance due diligence counsel for a global fast food company’s master franchise deal to enter a European country’s market for the first time.

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News and Views

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Honors and Awards

  • Law360 – Rising Stars

  • Chambers USA: America's Leading Lawyers for Business

  • New York Super Lawyers – Rising Stars

  • Chambers USA: America's Leading Lawyers for Business

  • New York Super Lawyers - Rising Stars

  • Legal 500: The Client's Guide to the US Legal Profession

  • New York Super Lawyers – Rising Stars

Bar Admissions

District of Columbia
Connecticut
New York
U.S. District Court for the Southern District of New York
U.S. District Court for the Eastern District of New York
U.S. Court of Appeals for the Ninth Circuit
U.S. Court of Appeals for the Second Circuit

Practice Blog

Political Risk Insurance for Businesses Operating in Russia and Ukraine

Recent posts from Policyholder Informer

Given recent events, there is an increased interest in political risk insurance in Russia and Ukraine. However, it also appears that insurers have stopped underwriting political risk insurance, at least for exposures in Ukraine for the time being, and many insurers are declining to quote on Russian exposures, or are subjecting new inquiries to greater, … Continue Reading

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