National Law Firm Anderson Kill & Olick Opens Vermont Office
New office expands Vermont’s Captive Insurance infrastructure.
Montpelier, VT – June 4, 2013 – Anderson Kill & Olick, P.C., a national law firm known primarily for representing policyholders in insurance coverage disputes, today announced the opening of a new office in Burlington, Vermont. Marshall Gilinsky, a shareholder in the firm's Insurance Recovery Group will head the new office, which will focus primarily on insurance recovery, particularly on behalf of captive insurance firms in disputes with their reinsurance providers.
“Anderson Kill & Olick’s opening of a Vermont office is recognition of Vermont’s continued expansion in the captive insurance industry,” said Vermont Governor Peter Shumlin. “Our captive industry infrastructure is a major reason for the success of Vermont and is often cited as a critical factor for companies choosing Vermont as a domicile. We are delighted to welcome them and they are joining some great company that will further enhance Vermont’s reputation as the Gold Standard of captive domiciles.”
“As Vermont is home to a great concentration of talented brokers, managers and actuaries serving captives and their parent companies, we are excited to add our expertise regarding tax, corporate and reinsurance litigation for captives, as well as for business policyholders generally," said Gilinsky.
Since Tropical Storm Irene struck Vermont, Mr. Gilinsky has provided pro bono counsel to several storm victims seeking assistance with flood insurance claims and relocation grants under FEMA’s Hazard Mitigation Program.
"Marshall has been tremendously effective representing financial institutions and other corporate policyholders in insurance coverage disputes," said Robert M. Horkovich, managing shareholder of Anderson Kill. "He is an ideal point person in our outreach to the captive insurance industry in Vermont, as he knows the terrain of reinsurance arbitration, captive insurance and of Vermont."
Anderson Kill's new office is located on 110 Main Street, Suite 4E, Burlington, Vermont. The firm's Alternative Risk & Captives Insurance Group, headed by Phil England, includes six attorneys practicing in the firm's New York, NY; Stamford, CT; Ventura, CA, and Burlington, VT offices.
Captive insurance is a regulated form of self-insurance that has existed since the 1960’s, and has been a part of the Vermont insurance industry since 1981 when Vermont passed the Special Insurer Act. Captive insurance companies are formed by companies or groups of companies as a form of alternative insurance to better manage their own risk. Captives are typically used for corporate lines of insurance such as property, general liability, products liability, or professional liability. Growth sectors of the captive insurance industry include professional medical malpractice coverage for doctors and hospitals, and the continued trend of small and mid-sized companies forming captive insurance companies.