Randall I. Marmor
Partner
Randall Marmor is a partner in the Chicago office of Clausen Miller P.C. He concentrates his practice on liability insurance coverage law and insurance coverage litigation. Since joining Clausen Miller in 1986, Mr. Marmor has represented domestic and London market insurers and sureties in matters involving coverage issues under professional liability policies, director and officer liability policies, fidelity and financial institution bonds, crime policies and surety bonds.
Mr. Marmor’s practice includes all aspects of insurance coverage law. He frequently represents insurers under professional liability and director’s and officer’s liability policies, counseling them on coverage issues, drafting coverage position letters, monitoring litigation and litigating coverage disputes. He regularly drafts policy language and develops new products and endorsements on behalf of insurers. Recent assignments include:
- • Representation of the London market as national coverage and monitoring counsel in connection with claims under professional liability policies and financial institution bonds issued to the mortgage industry.
- • Representation of domestic insurer in a director’s and officer’s coverage action arising from the dissolution of a national bank.
- • Representation of international liability insurers in connection with claims arising from privately funded securitization of $200 million in sub prime mortgages.
Mr. Marmor has extensive experience representing insurers in connection with claims implicating employee dishonesty and other coverages under financial institution bonds, fidelity bonds and crime policies. He is a frequent lecturer and author in the area of fidelity coverage and has been published by the American Bar Association, the Fidelity Law Association and the Surety Claims Institute. He is co-editor of the American Bar Association treatise on commercial crime policies (The Commercial Crime Policy, 2nd Edition). Representative assignments include:
- • Representation of London market insurers in a $24 million fidelity claim arising from a complex loan fraud and kickback scheme.
- • Representation of insurer in a seminal Illinois case addressing the compensability of indirect losses under a crime policy.
- • Representation of insurers in connection with a high exposure check kiting loss implicating novel issue of whether an insured’s intentional disregard of internal policies abrogates coverage under a financial institution bond.
Mr. Marmor also represents sureties in connection with claims of obligees under performance bonds, claims by subcontractors and material suppliers under payment bonds and related mechanics lien litigation. He is a contributing author of the American Bar Association’s treatises on the surety’s general agreement of indemnity (The Surety’s Indemnity Agreement—Law and Practice, 1st and 2nd eds). He recently represented a surety trade association before the Illinois Supreme Court, amicus curiae, involving application of statutes of limitation to sureties’ claims under general agreements of indemnity.
He also represents insurers and sureties in subrogation claims, including claims against banks under Articles 3 and 4 of the Uniform Commercial Code, against accountants and other professionals who have contributed to insured financial losses and against project owners and professionals who have caused project losses or delay.
Mr. Marmor has an "AV" rating with Martindale-Hubbell indicating the highest ranking in legal ability and ethical standards as determined by his peers in the legal community.
Education
- J.D. The John Marshall Law School, 1978
- B.A. Eastern Illinois University, 1975
Bar Admissions
- Illinois
Court Admissions
- U.S. District Court, Northern District of Illinois, 1978
- U.S. Court of Appeals, Seventh Circuit, 1978
Organization Affiliations
- American Bar Association
- Chicago Bar Association
- International Association of Defense Counsel
- Fidelity Law Association
- Surety Claims Institute
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