L Squared Insurance Agency Blog: attorney malpractice
View the latest blog posts from L Squared Insurance Agency.
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 >>
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 >>
Tuesday, November 29, 2016An attorney’s private life involves all of the day to day stuff that everyone else has to deal with. This includes buying and selling houses and cars, running other businesses, getting into disputes, car accidents, and having loved ones in the hospital. 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 >>
Thursday, November 17, 2016Today’s virtual society has changed how many attorneys operate. Often the law firm’s files are somewhere in the clouds. This allows easy access just about anywhere and eliminates law libraries, file cabinets and large amounts of physical storage. 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 >>
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