L Squared Insurance Agency Blog: attorney malpractice insurance
View the latest blog posts from L Squared Insurance Agency.
Thursday, December 22, 2016This scam was done the old fashion way and brought in over $1.66 Million. Artashes Darbinyan and Orbel Hakobyan admitted to running a mass mailing scam through companies called Trademark Compliance Center(TCC) and Trademark Compliance Office (TCO). According to the Justice Department Website Link: READ MORE >>
Wednesday, December 21, 2016Background: This firm had 6 attorneys at the beginning of the policy year and is going to dissolve on December 31, 2017. The firm is planning on purchasing a 1 year Extended Reporting Period Endorsement (ERP) for the firm. Their current carrier Medmarc Casualty’s policy allows the purchase of individual attorney and firm ERP’s. READ MORE >>
Tuesday, December 20, 2016We have covered this in the past, but the question continues to come up. A case in Alaska, ALPS v Ingaldson Fitzgerald PC, is another example of the courts refusing to force an insurance carrier to cover attorney’s fees. Awarded attorney’s fees normally are not covered under a Lawyers Professional Liability Insurance policy. READ MORE >>
Monday, December 19, 2016According to NBC News and The Wall Street Journal, a Minnesota Federal grand jury indicted lawyers Paul Hansmeier and John Steele of trying to extort money from victims who uploaded X-rated files to file-sharing sites Basically the shakedown stared by getting the internet addresses of the people that downloaded the X-rated movies. READ MORE >>
Friday, December 16, 2016The declarations page outlines the key elements of your malpractice insurance coverage (LPL). Even though there is no standard LPL policy at a bare minimum checking the items listed below is essential. If you read nothing else, read your declarations page. Key items to review are: 1. READ MORE >>
Thursday, December 15, 2016According to one ABA report 23% of law firms didn’t know if they had a data breach. This is a troubling statistic in that another ABA report stated that around 15% of all law firms have had a data breach. Today it is not so much “if” your law firm will have a data breach, but “when. READ MORE >>
Tuesday, December 13, 2016While the highly published hacks on the DNC (Democratic National Committee) and more recently coming to light of the hacks of the RNC (Republication National Committee) by the Russians. It appears that the Chinese have also been busy with gathering information on commerce. READ MORE >>
Thursday, December 8, 2016Attorney Question: “Do you have coverage for Fraudulent Wiring Instructions?” Response: This can be a significant exposure to a law firm or title agency. Unlike in the past, now just by hitting a button, you can send millions of dollars out of your Trust account. READ MORE >>
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 >>
|
Blog Archive
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2013
2011
|
|