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L Squared Insurance Agency Blog: 3_2018

View the latest blog posts from L Squared Insurance Agency.

In a previous blog, Attorney Malpractice—Substance Abuse the Practice of Law’s Dirty Little Secret', we detailed attorney’s struggles with substance abuse.  The ABA just documented another attorney whose practice of law has been cut short by his drinking. READ MORE >>

L Squared will be closing at noon today, for staff to spend time with their families.  Many companies have Good Friday traditions.  Some are hard to explain in present day. A Wisconsin insurer that I was an officer at in the 80’s and 90’s had an interesting tradition. READ MORE >>

In Wesco Insurance Co v Layton, Texas attorney Ledford E White took out an attorney malpractice insurance policy with Wesco for the policy term of March 14, 2014 to March 14, 2015. White had maintained malpractice insurance coverage since 1997 through various malpractice insurers. READ MORE >>

Law firm has a client(s) with business in many states, but their insurance carrier is only licensed in one of those states.  We have actually helped law firms having 3 different policies in 3 different states. This is a particular problem that many Attorney Malpractice Mutual Insurers have. READ MORE >>

By Alexander Huls from The Hartford When you work for yourself, being productive as a small business owner is as important as it is challenging. There’s no one else around to keep you on track, or pick up the slack if you fall behind. READ MORE >>

Question: I am told my Attorney Malpractice Insurance Policy has a ‘Hammer Clause’—What is a ‘Hammer Clause’? Response: There is no attorney malpractice policy that actually states or defines the term for ‘Hammer Clause’. READ MORE >>

Along with attorneys not understanding claims-made insurance coverage and the need to protect past acts, more than one attorney has ‘top sheeted’ their policy determining they have 60 days past expiration to renew or get new coverage because of the 60 day  ‘Automatic’ Extended Reporting Period (ERP). READ MORE >>

Concerned about Privacy and Data security.  Turns out the Facebook might be tracking all of your phone contacts and phone numbers.  A BBC reporter, Rory Cellan-Jones just wrote an article entitled If I’ve got your number, so has Facebook. READ MORE >>

There are many reasons that a person or entity might want to provide funding helping a plaintiff pursue a commercial lawsuit.  It can be for personal reasons such as promoting a cause or settling a score.  But most litigation funding is now coming from professional  3rd parties that make a business on betting which cases will be successful. READ MORE >>

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