L Squared Insurance Agency Blog: legal malpractice
View the latest blog posts from L Squared Insurance Agency.
Thursday, December 14, 2017 Question coming with frequency from lawyers; “Does attorney malpractice insurance cover my ‘marijuana practice’?” The short answer to this question is there is no specific exclusion in almost all lawyer’s professional liability insurance policies for a ‘marijuana practice’. READ MORE >>
Wednesday, December 13, 2017The Consumer Financial Protection Bureau (CFPB) was formed by the Dodd-Frank Act. The main intent of the CFPB was to help consumers that were having issues with Banks, Lenders and other Financial Institutions. READ MORE >>
Friday, December 8, 2017According to the Miami Herald and the Florida Record, Erwin Rosenberg’s troubles started in 2006 when Rosenberg would not produce client documents in a lawsuit. Circuit Court Judge Gerber ruled that Rosenberg had acted in bad faith and awarded attorney’s fees. READ MORE >>
Thursday, December 7, 2017 An attorney malpractice or lawyers professional liability insurance policy may have a Law ‘Firm’ Prior Acts Date, an ‘Individual’ Prior Acts Date, a ‘Career Coverage’ Prior Acts Date and/or ‘Predecessor ‘ Firm Prior Acts Date. READ MORE >>
Wednesday, December 6, 2017 Prior acts along with a ‘claims-made’ policy form are two of the most misunderstood concepts with malpractice insurance. It is a shame, because this misunderstanding costs many professional s millions of dollars in coverage every year. READ MORE >>
Tuesday, December 5, 2017 Eric Conn, aka Mr. Social Security, was captured while coming out of a restaurant in a Honduras shopping center by a Honduran SWAT team. He is scheduled to be returned to the US on December 5. Eric Conn was nicknamed Mr. Social Security because he handled over 3100 social security disability cases with a federal judge and doctor on his payroll. READ MORE >>
Monday, December 4, 2017During a closing on a real estate transaction, cyber criminals sent new instructions via e-mail for sending the monies. Insured did not verify by a phone call or other means that the new instructions changing the account numbers was correct. $150,000 was sent to the cyber criminals via ACH as a result and the money is gone. READ MORE >>
Thursday, November 30, 2017The attorney was with a high risk insurance carrier letting his coverage lapse in 2016. He wrongly assumed that it would not be a big deal to get his prior acts back after more than a year and ½.. He had been paying around $7,000 annually to cover his past acts. READ MORE >>
Wednesday, November 29, 2017The ABA Journal recently reported in Holtzman vs Turza, that Illinois CPA Ira Holtzman brought a class action suit against Illinois attorney Gregory P Turza for violating the Federal Telephone Consumer Protection Act (FTCPA) almost a decade ago. 8,430 unsolicited faxes were sent to accountants without an ‘opt-out’ provision. READ MORE >>
Monday, November 27, 2017PA Money Grab READ MORE >>
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