Skip to content
  • NEWS
  • CONTACT
  • 1•877•373•5501
Twitter
Linkedin
Larson King Logo
  • ABOUT
  • ATTORNEYS
  • TRIAL FOCUS
  • PRACTICE AREAS
  • VALUES
Menu
  • ABOUT
  • ATTORNEYS
  • TRIAL FOCUS
  • PRACTICE AREAS
  • VALUES
Michael J. Steinlage

Michael J. Steinlage

Michael draws on his experience and relationships across a range of industries to tailor creative, strategic and effective approaches to your most challenging legal disputes and business decisions. 

Michael has deep roots in the insurance and reinsurance industry, representing insurers, policyholders and reinsurers in disputes throughout the country involving significant product liability and class action exposures, professional and environmental liability, commercial property/business interruption losses, and life, health, and disability claims, and advising clients regarding coverage for emerging risks. 

Michael also works closely with clients in the banking, mortgage and servicing industries, defending against every type of dispute and exposure imaginable arising out of mortgage origination, servicing, and foreclosure practices, and consumer and commercial lending relationships. 

Michael represents broker-dealers, investment professionals, fiduciaries and hedge funds in disputes relating to the promotion, sale and handling of investments, insurance and annuity products, and trust funds. 

Michael also practices in the areas of privacy, data security, and automation risk management, and is a frequent speaker on these topics. His knowledge includes business continuity risk management, breach response, and insurance coverage for such risks.

Law School

William Mitchell College of Law, J.D., cum laude, 1993

College

University of Notre Dame, B.A., 1990

Member

Excess, Surplus, Lines and Reinsurance Law Committee of the American Bar Association (Chair 2007-2009)
ABA TIPS Task Force on Disaster Insurance Coverage (2009-2010)
Minnesota State Bar Association
Risk and Insurance Management Society
Defense Research Institute (DRI)
ARIAS U.S.
Our Lady of Grace Catholic School, Advisory Council (2010-2013)

Admitted

Minnesota; U.S. District Court, District of Minnesota; U.S. District Court, Western District of Wisconsin; U.S. Court of Appeals, Eighth Circuit

Representative Matters

Lead counsel for originating lender defending against rep and warranty/indemnification claims relating to $346 million of legacy subprime loans originated between 1999 and 2007.

Recovered over $18 million from excess of loss and clash reinsurers relating to settlement of Louisiana lead paint class action and related bad faith claims.

Won summary judgment for senior noteholder in trust instruction proceeding, after New York federal court had ruled against other senior noteholders on the same issue, resulting in a $3.5 million additional distribution to senior noteholders.

Successfully defended class action claims related to servicer compliance with the federal HAMP loan modification program, resulting in withdrawal of class claims following oral argument on the motion to certify.

Spent the better part of a decade representing insurers throughout the US in disputes over coverage for environmental liabilities and related investigation and remediation costs.

Represent and advise reinsurers in connection with cessions of asbestos product and non-product claims and related bankruptcy settlements.

Represented fronting insurer/cedent in reinsurance arbitrations to recover losses paid under a HPR/Property insurance program insuring satellites, underground mining and other exotic risks.

Advised cedent in connection with recovering multi-million dollar settlements paid in wrongful death and bad faith litigation involving fatal gas explosion at corporate owned farm.

Arbitrated and litigated disputes between cedents and reinsurers over access to records and audit rights under a variety of different reinsurance contracts and contexts.

Successfully defended retrocessionaire in litigation by fronting carrier to recover advanced payments on reported losses to insolvent reinsurer/retrocedent.

Successfully defended claims by insolvent insurer on behalf of quota share reinsurers under common account excess of loss agreements, designed to circumvent prior commutation agreements.

Retained as trial counsel for bank in nationwide yield spread premium class action litigation. Successfully opposed petition for review to the United States Supreme Court following Eighth Circuit’s decertification of class on eve of trial.

Successfully litigated and mediated dispute over allocation of $100 million of business interruption loss between boiler and machinery and all-risk insurers relating to 1989 chemical plant explosion.

Defended broker-dealers and registered representatives against unsuitability, misrepresentation, breach of fiduciary duty, and statutory claims in connection with private placements, 1031 exchanges, Brady Bonds, and other investments.

Won defense verdict for commercial property insurer on fire loss based on arson defense.

Publications

Reinsurance Professional’s Deskbook: A Practical Guide 2016-2017 Edition (co-authored with Keith Dotseth, Melissa Mulloy, and David Linder, and Hilary Palazzolo)

Loss Mitigation in a Post-HAMP World, DRI The Business Suit, Vol. 20 Issue 5
(Oct. 20, 2016)

Hope Meets Reality: Loan Modification Under HAMP, For The Defense, Defense Research Institute (March 2012)

The Reinsurance Contract, Ch. 72 New Appleman on Insurance Law Library Edition (2012) (co-authored with Keith Dotseth, Melissa Mulloy, and David Linder)

Arbitration Acts: A Desk Reference – Second Edition (2010) (co-authored with Keith Dotseth, Melissa Mulloy and Hillary Loynes)

Recent Developments in Excess, Surplus Lines, and Reinsurance Law, ABA’s Tort Trial & Insurance Practice Law Journal Vol. 40, No. 2 (Winter 2005)

Seminars

Security Best Practices, USLAW Cyber Boot Camp, Dallas (March 2018)

Risk Management, Insurance, and Liability Issues Facing Driverless Vehicles, USLAW/TELFA Cross Border Exchange, Chicago (Sept 2017)

Coloring Outside the Lines: Limits of Extra-Contractual Obligations in Life and Property/Casualty Reinsurance, ARIAS (US) Spring Conference, Naples, FL (May 2017)

Insuring and Reinsuring Technology-Inspired Paradigm Shifts (Sharing Economy, Autonomous Vehicles and Drones), BRMA Committee Rendevous, Bonita Springs, FL (April 2017)

Reinsurance Discovery: Looking Behind the Curtain, ABA/TIPS ICLC Midyear Conference, Scottsdale (February 2017)

Sharing Economy for Reinsurance Professionals, BRMA Lunch and Learn, Minneapolis (Sept 2016)

Follow the Fortunes Update, BRMA Committee Rendezvous, Princeton, NJ (April 2016)

Reinsurance for Winter Storms, BRMA Lunch and Learn, Minneapolis (Sept 24, 2015)

Bank Duties in the Face of Customer Fraud: Cautionary Tales from the Financial Crisis, USLAW Banking Law Seminar, Charlotte, NC (May 2014)

Compliance Verification for Third-Party Contracts: Effective Due-Diligence and Contracting Strategies, Association of Corporate Counsel, Minnesota Chapter, Lunch and Learn Seminar (April 2015)

Navigating Insurers’ Duty to Indemnify in the Face of Collaborative Settlements Between Insureds and Third-Party Plaintiffs, Strafford Pub. Webinar (January 2015)

Multi-National Insurance Programs: Performance Challenges and Opportunities, Minnesota RIMS Annual Meeting (Jan 2014)

Understanding Receiverships (Presenter), Insurer Receivership and Run-off: The Next Level (Planning Committee), American Bar Association, New York, N.Y. (June 2009)

Reinsurance in Receiverships, IAIR Issues Forum (June 2009)

Procedural Issues in Reinsurance Disputes, Mealeys Reinsurance Conference, Washington, D.C. (Feb. 2007)

Evolving Loss Disputes, Creating Reinsurance Tensions, CPCU Reinsurance Symposium (April 2005)

The Insurance Industry after Marsh, Strafford Pub. Teleconference (2004)

When the Insured and Claimant Conspire to Maximize Coverage: Insurer Recourse and Strategies, Emerging Issues in Liability Insurance Conference, MILE (May 2002)

CONTACT

msteinlage@larsonking.com
651-312-6520
F 651-789-4820

DOWNLOAD V-CARD

PrintLinkedIn

practice areas

Agribusiness

Business Litigation

Cyber Risk & Data Security

Environmental & Natural Resources

Financial Services

Insurance

Mortgage Lending & Servicing

Reinsurance

Michael Steinlage Presents to the Brokers & Reinsurance Markets Association on Mass Shootings and Insurance Risk
Mass Shootings and Insurance Coverage
Discoverability of Reinsurance Information: Reinsurer Access to Privileged Documents

LARSON • KING, LLP

30 East Seventh Street, Suite 2800
Saint Paul, MN 55101

  • 651•312•6500
  • 651•312•6618
  • info@larsonking.com
  • SECURITY
  • DISCLAIMER
Twitter
Linkedin
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.