L Squared Insurance Agency Blog: professional liability
View the latest blog posts from L Squared Insurance Agency.
Monday, December 5, 2016In OneBeacon Insurance Co. v. T. Wade Welch & Associates, the 5th Circuit affirmed a $28 million judgement for bad faith ruling that the One Beacon "prior knowledge" exclusion did not apply. As with many Lawyers Professional Liability Insurance policies OneBeacon issued a series of professional liability policies to T. READ MORE >>
Friday, December 2, 2016According to an article in the Insurance Journal the California Bar Wants to Ban Sex Between Lawyers & Clients. While many states have such a ban, California has yet to catch up. For more information concerning this click on California Bar Proposed Sex Ban. READ MORE >>
Thursday, December 1, 2016Suing a client for unpaid fees is usually a bad idea. Yes an attorney can wait till after the statute has run, and yes this may prevent a counter claim or at least provide a defense. But no it will not prevent a bar complaint from being filed and if done with any frequency will likely have an impact on your attorney malpractice premiums. READ MORE >>
Monday, November 21, 2016Earlier this year we blogged about a Pennsylvania attorney that had been sanctioned for $1 million for “egregious tactics”. As we mentioned sanctions are not generally covered by Lawyers Professional Liability Insurance policies. READ MORE >>
Friday, November 18, 2016PHOENIX — Laurence "Kirk" Nurmi, who was dragged to the depths of social-media infamy for representing killer Jodi Arias during her two highly publicized trials, has signed an agreement to be suspended from practicing law for four years because he published a book about the case. READ MORE >>
Monday, November 7, 2016This time of year there are many attorneys that are forming new practices, either for the 1st time as a new in practice attorney or coming from a larger firm. Here are a couple things to remember when completing attorney malpractice applications: 1. Attorney Malpractice is written for the firm. READ MORE >>
Friday, November 4, 2016Administrative errors involving statute of limitations issues are one of the most common attorney malpractice claims. By one estimate at least 1 in 5 attorney malpractice claims involves a statute of limitations issue. While determining the statute in a given state is relatively easy. READ MORE >>
Thursday, November 3, 2016The general public commonly believes that attorneys rarely get sued. By one estimate 1 in 20 private practice attorneys face a legal malpractice claim each year. Other estimates are that a private practice attorney can face 3 malpractice claims during their careers. READ MORE >>
Monday, October 31, 2016As the law firms try to address their costs by avoiding hiring new associate attorneys many firms have turned to hiring contract attorneys either on a short or long term basis. This has advantages to the law firm by being able to take on more legal work without having to permanently increase its fixed costs. READ MORE >>
Friday, October 28, 2016L Squared does not charge a policy fee on any admitted insurance policy product. The only fees that it does charge are on surplus lines accounts for filing fees. Unfortunately, L Squared has to pass along the policy fees, Risk Purchasing Group (RPG) fees and Risk Retention Group (RRG) fees that many of the insurance providers that L Squared works with charge. READ MORE >>
|
Blog Archive
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2013
2011
 |
|