About Jay C. Fenton

To Founder and Lead Consultant Jay C. Fenton, the role of a successful financial institution claim consultant involves a unique combination of skills.  He believes that a thorough understanding of the financial system, banking and financial transactions forms the bedrock of a successful practice in this space.

Building on that bedrock requires a thorough understanding of the insurance industry and how that industry has identified and offered to transfer specific risks away from financial institutions.  With these two areas mastered Jay believes it is critical that a financial institution claim consultant be able to explain complex loss scenarios to insurance company adjusters and tie loss scenarios to specific grants of coverage provided by the insurance contract at issue.  Finally, Jay believes that a financial institution claim consultant must have demonstrated success negotiating complex coverage issues with insurance carriers. 

Accolades

2025 AV Preeminent rating by Martindale-Hubbell.  This is the highest possible rating in both legal ability and ethical standards awarded by Martindale-Hubbell.  This rating reflects the confidential opinions of members of the Bar and Judiciary. 

Served as a Special Assistant United States Attorney in the Northern District of Illinois



University of Toledo College of Law, J.D.

Winona State University, B.S.

Bar Admissions

State Bar of Illinois

State Bar of Minnesota

United States District Court, Northern District of Illinois

United States Court of Appeals, Seventh Circuit

United States Supreme Court

Experience

  • 30+ years handling Financial Institution Bond, Directors & Officers Liability, Private Equity, and Crime Policy litigation and claims.   

  • Directly responsible for investigating and resolving several of the largest financial institution D&O, Accounting Malpractice and bond claims in the history of the United States.   

  • Jay has drafted insurance policy language for several insurance companies.

  • He has represented clients in every state in the United States.   

  • Jay learned the intricacies of financial institutions and financial transactions during his nine year tenure with the Federal Deposit Insurance Corporation.       

  • Jay has been responsible for all aspects of investigating, documenting and litigating insurance coverage issues on a large number of claims and litigation across the country.

  • Jay has taught and actively participated in a significant number of negotiation and mediation skills development courses. 

  • Jay has been actively involved in all aspects of coverage analysis, claim investigation, reserve analysis, and claim resolution.

  • When matters involve coverage and/or defense litigation Jay has actively engaged in the development of litigation strategies, discovery, motion practice, settlement discussions and he has participated in a large number of mediations.

  • When necessary Jay is actively involved in the selection, retention and direction of defense and coverage counsel.

  • Jay developed and marketed complex insurance, financial and capital markets-based risk transfer products.  For example, Jay designed a counterparty guarantee product that was endorsed by the Chicago Mercantile Exchange, Chicago Board of Trade Clearing Corporation and the New York Mercantile Exchange.  He designed a Medicare fraud and abuse compliance product that was endorsed by several large healthcare providers and the Office of the United States Attorney.  He also designed a risk transfer product that is directly applicable to performance letters of credit.  This product received regulatory approval from New York’s Insurance Commissioner, FDIC and the OCC.      

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