Stephen Hoke – Partner

Steve is nationally known for his extensive experience in complex policyholder insurance recovery and legacy liability corporate reorganization matters. He represents corporations and other commercial interests in high-value complex insurance coverage cases in state and federal courts throughout the U.S. He has substantial appellate experience including before the Illinois and Connecticut Supreme Courts. He is a market leader in isolating and minimizing legacy liabilities via corporate reorganization, loss portfolio transfers and insolvency. He also has extensive success presenting and recovering legacy liability insolvency claims in the domestic and UK markets including the highest policyholder recovery from the Integrity insolvency ($53M) and $33M from the Home insolvency. [ View accomplishments ]

Steve is one of the few attorneys in the nation with significant experience representing both insurers and policyholders. He represented U.S and U.K. insurers for eleven years, and after a four-year interlude in investment banking he returned to practice exclusively on behalf of policyholders.

Steve has deep experience in both General Liability, Financial and Professional liability, Directors and Officers (“D&O”), Errors and Omissions (“E&O”), Business Interruption, Property and Cyber-Risk matters. He has deep knowledge and hands-on experience in devising and implementing innovate ways to limit and/or devise of legacy liabilities and has served as Special Insurance Counsel to the Bankruptcy Trustee in a case involving 25k asbestos claims. He speaks frequently on these and other issues in national conferences. [ View publications ] He is one of the most knowledgeable and experienced lawyers in the U.S. with respect to insurance coverage issues related to talc/asbestos contamination.

He has worked with various purchasers and sellers valuing legacy liabilities in the Mergers and Acquisition (“M&A”) area and has been entrusted with “red light / green light” authority over multiple acquisitions. Additionally, he has experience in relation to Sarbanes-Oxley and GAAP requirements for litigation and contingent risks, having worked with disclosure committees of publicly traded companies, and is familiar with the audit function in these areas. Steve has drafted “D&O” and “E&O” policy forms for major insurers and has served as interim Risk Manager for a major Fortune 500 company during its annual renewals. He also has served as a registered insurance lobbyist on behalf of a Fortune 500 client.

He has testified frequently as a designated “person most knowledgeable” for his corporate clients in both coverage and non-coverage matters and as a consulting and testifying expert in high-value insurance and finance matters.

Education

  • J.D., Georgetown University Law Center
  • M.B.A., Kellogg Graduate School of Management, Northwestern University
  • B.S., Indiana University

Personal

Trustee, Village of River Forest, Illinois (2007-11); Chairman, River Forest Finance Committee; Chairman, Police Committee (completed reorganization of troubled entire command structure).

River Forest “Villager of the Year” (2007, 2008). First to receive award twice.