Events
- The Penn Club of New YorkFebruary 7, 2012
Publications
John F. McCarrick Partner
New York, NY
| mccarrickj@whiteandwilliams.com
vCardPrint to PDF
John McCarrick has been practicing law for more than 25 years and represents professional liability insurers, domestic and international, in connection with insurance coverage and liability issues arising from complex antitrust, customer, shareholder and bankruptcy-related litigation.
In addition to professional liability insurers, John works with reinsurers and insurance brokers on compliance and corporate governance issues, and in business transactions. Working closely with his insurer clients in both product development and policy drafting, John understands the critical issues and strategies underpinning a profitable underwriting portfolio. Clients turn to him for strategic insight and advice to creatively address complex business issues and to negotiate difficult, multi-party settlements and other agreements.
Outside the insurance industry, John works with clients in assessing and deploying enterprise risk management solutions addressing policy, process and technology with a particular focus on data capture and retrieval in the rapidly emerging area of electronic data discovery.
John is frequently asked to speak, and regularly writes, on issues related to directors and officers liability and insurance law.
Representative Matters
- Executive Risk Indem. Inc. v. Pepper Hamilton LLP, 2008 WL 6808243 (Trial Order) (N.Y.Sup. Jan 29, 2008), rev'd by 56 A.D.3d 196, 865 N.Y.S.2d 25 (1 Dep't Sep 23, 2008), affirmed as modified by 2009 WL 3347222, 2009 N.Y. Slip Op. 07453 (N.Y. Oct 20, 2009) (granting insurers' summary judgment motions on prior notice exclusions in a lawyers professional liability policy)
- Schwartz v. Twin City Fire Ins. Co. et al., 492 F.Supp.2d 308 (S.D.N.Y. 2007) judgment affirmed by 539 F.3d 135 (2nd Cir.(N.Y.) Aug 19, 2008). (granting primary D&O insurer's post-trial motion to dismiss D&O excess insurers' cross-claims for bad faith)
- Indotronix International Corp. v. Twin City Fire Ins. Co., No. 06 Civ. 2688 (S.D.N.Y. April 30, 2007) (finding after inquest on insured's claim for reimbursement of $520,000 incurred in defense costs and expenses, that only $117,000, after application of $100,000 SIR, were reasonable and necessary and therefore recoverable from D&O insurer)
- CNL Hotels & Resorts, Inc. v. Twin City Fire Insurance Company, et al. 06 CV 324, Order 113 (MD FL October 16, 2006) (granting insurer's motion to dismiss bad faith claim under Florida law because the insured had not first established that coverage was available for the claim in question)
- Vigilant Insurance Co. v. Credit Suisse First Boston, 10 A.D.3d 528, 782 N.Y.S.2d 19 (App. Div. 1st. Dept. 2004) (affirming trial court and extending ruling to also exclude coverage for defense costs associated with uncovered claim)
- Vigilant Insurance Co. v. Credit Suisse First Boston, 2003 NY Slip Op 51747(U) (Sup. Ct. N.Y. County, July 8, 2003) (settlement of regulatory claim for disgorgement is disgorgement of ill-gotten funds and therefore uninsurable)
- Local 705 Int'l Brotherhood of Teamsters Health & Welfare Fund v. Five Star Managers, LLC, slip op. No. 98 CH 7109 (Ill. App. 2000) (repayment of monies to pension fund does not constitute insurable loss under fiduciary liability policy)
- Macmillan, Inc. v. Federal Insurance Co., 741 F. Supp. 1079 (S.D.N.Y. 1990) (actual indemnification by corporation a condition precedent to corporation's right to sue to enforce Side B coverage)
- Wedtech Corp. v. Federal Insurance Co., 740 F. Supp. 214 (S.D.N.Y. 1990) (addressing severability issues implicated by rescission of D&O policy)
Recognition & Involvement
Aside from his legal practice, John is the co-founder of Grateful Nation Montana, Inc., a nonprofit organization that provides college scholarships and outreach services to children of Montana soldiers killed on active duty in Iraq or Afghanistan. Working with the Montana University System, Grateful Nation Montana works to provide these children with the financial support and outreach guidance necessary for a successful college experience.
In recent years, John developed several annual charitable events for the professional liability insurance industry, including the St. Thomas Charity Golf Classic, the Statesman Dinner and the D&O Debate, which collectively have raised several hundred thousand dollars for charitable causes, including monies used to build a community center for the Gros Ventres and Assiniboine Native American communities in Lodgepole, Montana and other community projects. John continues to work with local Montana community interest and fundraising groups on development projects benefiting the Ft. Belknap Reservation.
John also has been active in pro bono efforts, and co-founded Miracle Kids in 2003 to deliver food and medical supplies to hospitals and orphanages in Belarus and Russia. As part of the Miracle Kids pro bono project, John worked with the Belarussian Ambassador and staff in Washington, D.C. and with Canadian officials to facilitate these relief efforts.
John also serves on the Board of Directors of the Twilight Park Association and on the Committee on Advancement for the Louis August Jones Foundation.
Events
- The Penn Club of New YorkFebruary 7, 2012
- Hamilton Princess Hotel (Bermuda)January 26, 2012
- Effective Utilization of Coverage and Monitoring Counsel in Complex ClaimsWhite and Williams LLP Coverage College 2010September 30, 2010
- Dangerous Data: Perils of eDiscovery and How to Manage ThemBusiness Insurance WebcastSeptember 29, 2010
- Following the Money Trail: How Side-A D&O Policies Are Changing the D&O Underwriting and Claims LandscapesRAA’s 2010 Re Claims SeminarSeptember 15, 2010
- Mediation and Settlement StrategiesPLI's Class Action Litigation 2009: Prosecution and Defense Strategies (New York, NY)July 9-10, 2010
- What Are the Risks to European D&O Insurers From Class and Derivative Actions in the US?D&O Liability Insurance Forum 2010March 16-17, 2010
- Insurance Coverage Issues Arising From the Subprime Lending and Credit CrisisHB Conferences TeleconferenceMarch 25, 2009
- What's Wrong with the Claims Process, ModeratorPLUS (Professional Liability Underwriting Society) D&O SymposiumFebruary 26, 2009
- The Future of the Plaintiff's BarPLUS (Professional Liability Underwriting Society) International Conference (San Francisco, CA)November 5-7, 2008
- Coverage Issues Arising from the Subprime Mortgage LitigationMealey’s Subprime Mortgage Litigation & Insurance Coverage Conference (Washington, DC)June 19-20, 2008
- Hot Issues in D&O Claims: Subprime and Beyond2008 Swiss Re Claims Conference: Facing Future Challenges Together (Chicago, IL)June 11-13, 2008
- SubprimeInsurance Coverage 2008: Claims, Trends & Litigation (New York, NY)April 28-29, 2008
- Insurance Coverage IssuesLexis Nexis Mealey's Subprime Mortgage TeleconferenceMarch 12, 2008
- Board of Directors: D&O Reform and the Impact on Large D&O Claims, ModeratorMealey’s Global Reinsurance Forum (Bermuda)November 14-15, 2007
- Coverage Issues Arising from Subprime LendingMealey's Subprime Mortgage Litigation Conference (Chicago, IL)October 29-30, 2007
- Mergers & Acquisitions - Hot TopicsNew York, NYJune 13, 2007
Publications
- May 31, 2011
- Addressing Coverage For SLC-Incurred Legal CostsJanuary 28, 2010Law360
- D&O Update: Court Addresses Coverage for Legal Costs Incurred by a Special Litigation CommitteeJanuary 1, 2010Edwards Angell Palmer & Dodge Client Advisory
- How Bailouts Could Impact D&O and E&OSpring 2009, Issue 18Runoff and Restructuring Magazine
- Subprime Woes Shift Claim Focus to AggregationFebruary 23, 2009Business Insurance
- The New York Insurance Department Will No Longer Approve D&O Policies Lacking "Duty-to-Defend" Coverage FeatureDecember 2008Edwards Angell Palmer & Dodge Client Advisory
- D&O and E&O Liability and Coverage Issues Resulting From Subprime ClaimsOctober 20, 2008Insurance Advocate
- Subprime Claims: D&O and E&O Liability and Coverage ImplicationsMarch 11, 2008Advisen FPN
- Insurance Coverage and the Subprime Mess: Who Pays the Cleanup Costs, Chapter Author2008Inside the Minds: Navigating The Subprime Lending Industry (Aspatore Books)
- The Stock Options Backdating Scandal: D&O ImplicationsAugust 2007Mealey's Litigation Report
- EDD: A Digital Minefield for InsurersJuly 3, 2006National Underwriter P&C
- Hold It! Recent Cases Regarding 'Litigation Hold' Procedures for Electronic Discovery Clarify When Insurers Will Pay for Such ExpensesJuly 2006Risk & Insurance
- More Digital Data Means Increase in U.S. Case LawMarch 24, 2006Insurance Day
- Primary and Excess LayersJuly 8, 2005Insurance Day
- Avoiding Legal Landmines in Financial Services, Chapter Author2005Aspatore Books
- Revisiting Underwriter ProfitabilityAugust 2001News & Views, Professional Liability Underwriting Society
- Risk Management Issues for IPOsJuly 1998The Review of Securities & Commodities Regulation
- UK Boardrooms: Litigation Free ZonesJanuary 1993The D&O Book: A Comparison Guide to Directors & Officers Liability Insurance Policies
- D&O Developments, Monthly Columnist1993-1998News & Views, Professional Liability Underwriting Society
- A D&O Policy Road Map: The Coverage ExclusionsNovember 1998Insights: The Corporate & Securities Law Advisor
- Allocation of Defense Costs and Settlements Under D&O PoliciesJuly 1992Reinsurance
Practice areas
Bar and Court Admissions
New York
U.S. District Court for the Eastern District of New York
U.S. District Court for the Northern District of New York
U.S. District Court for the Southern District of New York
U.S. District Court for the Western District of New York
Education
Georgetown University Law Center, JD, 1985
Manhattan College, BA, 1981
Memberships
Professional Liability Underwriting Society
Union League Club of New York

