L Squared Insurance Agency Blog: attorney malpractice
View the latest blog posts from L Squared Insurance Agency.
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 >>
Wednesday, November 22, 2017AttPro Ally - Time to be thankfulIn this issue: Better Safe than Sorry: Emergency Preparedness for Lawyers ’Tis the Season...for Ethical Breaches? AttPro SnippetsRead the full issue READ MORE >>
Friday, November 17, 2017A recent decision by the Tax Court Avrahami v IRS and Feedback Insurance Co V IRS highlighted that the IRS is now looking more closely at captive insurance companies being used for tax avoidance. The Avrahamis own 3 jewelry stores and 3 shopping malls in the Phoenix area. READ MORE >>
Wednesday, November 15, 2017 Normally when someone sues naming every business or government agency with a relationship to a property owner the case gets kicked as a nuisance case. But the rules change when the landowner being sued is a Colorado marijuana grower by the adjacent land owner in Federal Court under the RICO Act (Racketeer Influenced and Corrupt Organizations Act. READ MORE >>
Monday, November 13, 2017A law firm decided to notify everyone that it was moving by e-mail. Normally this is an everyday occurrence, unless the sender decides to create a distribution list with a few hundred of its closes friends putting the distribution list in the ‘cc’ e-mail address line and not the ‘bbc’ e-mail address line. READ MORE >>
Friday, November 10, 2017For those of you looking for another legal specialty, why not space law. Just think you could be working for Elon Musk or Richard Branson to name a few in a galaxy far far away. So when the Russian satellite collides with Chinese space junk, you may be able to represent one of the parties in space court in the final frontier. READ MORE >>
Wednesday, November 8, 2017Many law firms hold attorneys that leave the firm responsible for the attorney malpractice claims deductible should a claim be made against the firm for work that the attorney did while at that law firm. In most cases smaller law firms carry deductibles of $10,000 or less so although this c... READ MORE >>
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