Thursday, April 11, 2024 There are certain attorney malpractice insurance policies carrying large liability limits and large deductibles that allow larger law firms to manage certain claims below their retention (deductible). For the other 99% of law firms this is not the case. READ MORE >>
Monday, March 25, 2024 A claims-made insurance error policy may have a Firm Prior Acts Date, an Individual Prior Acts Date, a Career Coverage Prior Acts Date and/or Predecessor Firm Prior Acts Date or a combination for the former. Different prior acts endorsements address specific coverage needs: 1. READ MORE >>
Thursday, March 21, 2024 Attorney malpractice insurance uses a claims-made policy form. This is an important concept when considering reducing coverage limits. Unlike an occurrence policy form where the policy form used to settle a claim is when the act occurred. READ MORE >>
Wednesday, January 24, 2024 Don’t Be a Defendant: Best Practices for Claims Counsel Sponsored by LawyerGuard Wednesday, February 21 | 12:00 PM (EST) The tripartite relationship between claims defense counsel, the insured, and the insurer can be tricky, fraught with potential for misunderstanding, disappointed expectations, and conflict. READ MORE >>
Thursday, October 26, 2023 NOVEMBER 9 @ 1 PM REGISTER HERE SESSION 14: Claims Stories: the Not-So-Good, the Bad, and the Ugly (1 CPE) Presenter: Jeremy Monosov, Esq. The Hartford Insurance and Rocco Maladrino, Director, The Hartford Insurance Delivery Method: Group Internet Based | Field of Study: Business Management & Organization READ MORE >>
Tuesday, March 14, 2023 Buried in the policy language for certain insurers are additional coverages that not all admitted attorney malpractice insurers provide. The AIG policy is one of those policies. Found in the Special Benefit Policy Section are additional coverages for Claims Expenses: 1. Claim Expenses. READ MORE >>
Monday, March 13, 2023 When considering needed liability limits often overlooked are claims expenses. This could leave an insured dramatically underinsured. Given the right set of circumstances, claims expenses can easily exceed $100,000. So, what are claims expenses? The current AIG policy defines claims expenses as: READ MORE >>
Friday, March 10, 2023 The majority of people think all insurance works like your homeowners, auto, business owners and workers compensation insurance policies which are written on an occurrence policy form. With these occurrence policies the insurer on the risk at the time the covered act occurred is responsible paying the claim. READ MORE >>
Thursday, March 2, 2023 Attorney malpractice insurance protects in case of a malpractice claim made against your firm. Simple enough. But when to report a claim? A major reason for claims denial is prior knowledge. Of course, reporting a claim that’s not a claim could impact your insurance rates and future insurability. READ MORE >>
Friday, January 27, 2023 Not reporting property insurance small claims makes sense. With a property claim you generally know with great certainty the amount of damages quickly. If the property claim is below or right around your property claims deductible, then handle the claim. READ MORE >>
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