People

W. Joel Vander Vliet

W. Joel Vander Vliet

Principal
Chicago
312.946.4219
312.946.4272

Overview

W. Joel Vander Vliet represents clients in complex commercial litigation and professional liability insurance coverage matters. He provides strategic advice to insurers in the U.S., London and Bermuda insurance markets on significant and complex exposures under various specialty insurance lines, including directors and officers, errors and omissions employment practices liability, financial institution bonds and cyber liability and data breach policies. Joel regularly confronts unique issues in underwriting, claims handling, policy drafting, coverage litigation and alternative dispute resolution.

Joel serves as coverage counsel for primary and excess insurers, providing advice and guidance on claims against a wide variety of policyholders, including financial institutions, investments advisors, insurance brokers, insurance companies, managed care organizations, software developers, and municipalities, school districts and police departments. He protects clients’ interests in the face of novel coverage issues presented in class action claims, shareholder derivative actions, regulatory actions and investigations, claims by bankruptcy trustees and receivers and other claims, seeking to resolve disputes efficiently and favorably. Joel also defends insurers in all aspects of high-stakes coverage and bad faith litigation, including discovery, motion practice, mediation and appeals.

Joel served as a judicial intern for the Honorable Hugh W. Brenneman, Magistrate Judge of the United States District Court for the Western District of Michigan.

Cases of Interest

  • Hendricks v. Novae Corporate Underwriting, Ltd., No. 13 C 5422, 2016 WL 397286 (N.D. Ill. Feb. 1, 2016)(dismissal); No. 13 C 5422, 2015 WL 1842227 (N.D. Ill. Apr. 21, 2015)(partial summary judgment). Obtained partial summary judgment and dismissal of action for declaratory judgment and breach of contract in connection with client’s denial of coverage for $5.12 million underlying no-recourse settlement involving consent judgment and assignment of insured’s rights.
  • Litigated and mediated several disputes over coverage for claims arising from the collapse of leading subprime lender IndyMac Bank in state, federal, and bankruptcy court to summary judgment, obtaining ruling that various claims were not covered under $80 million directors and officers insurance tower.
  • Advised leading global investment bank (as policyholder) in connection with annual renewal of its directors’ and officers’ liability insurance program and potential coverage issues.
  • Participated in global mediation of class actions, regulatory actions, and claims and litigation between bankruptcy trustee and former directors and officers of New Century Financial, formerly one of the largest subprime mortgage lenders in the U.S. Assumed leadership role vis-à-vis ten non-client insurance carriers and their counsel in coordinating, finalizing, and documenting $91.1 million settlement. Obtained savings of over $4 million on London clients’ policies’ limits of liability.

Results