L Squared Insurance Agency Blog: attorney malpractice
View the latest blog posts from L Squared Insurance Agency.
Tuesday, September 20, 2016Many attorneys are very frustrated when they 1st breach the subject of using the “free” non-practicing Extended Reporting Period Endorsement (ERP or Tail) with the Attorney Malpractice Agent. If the agent tells them the cold “truth”, it can change the attorney’s plans about how and when to retire. READ MORE >>
Monday, September 19, 2016Ohio recently passed a medical marijuana law. Many attorneys were submitting inquiries about the ethics of attorneys being able to provide legal services to medical cultivators, processors and dispensaries or clients that wanted to do business with these entities. READ MORE >>
Friday, September 16, 2016Please see the answers to your questions below. I know that this can be frustrating, but the extended reporting period provisions of any carrier’s lawyers professional liability insurance are an area that no insurance carrier will modify. READ MORE >>
Thursday, September 15, 2016As we go through the year, many attorneys that had been with National Union (AIG) for the attorney malpractice had stayed with them to take advantage of the “free” Non-practicing Extended Reporting Period Endorsement (ERP). READ MORE >>
Wednesday, September 7, 2016Colorado Attorney agreed to aid in negotiating a judgement obtained against his in-laws. The in-laws live in Minnesota where a judgement was obtained against them for $2368.13 in favor of a condominium association. READ MORE >>
Saturday, September 3, 2016Every month or so we have a Law Firm that we insure that has hired a Suspended Attorney, one that was recently suspended or had other disciplinary actions. While it is the firm’s prerogative to hire anyone they want, they should know about the disciplinary actions prior to making an offer. READ MORE >>
Thursday, September 1, 2016Terra Foundation filed a legal malpractice action against DLA Piper over a sale. The Illinois trial court dismissed suit finding that it was barred as a matter of law by the six-year statute of repose. The appellate court affirmed the dismissal. READ MORE >>
Wednesday, August 31, 2016In the case of Westport Insurance v Mylonas, the attorney finds out true cost of not buying high enough Attorney Malpractice Liability Insurance Limits. First the Pennsylvania State court stated that coverage was limited to $500,000 in 2015. Now the US District Court of Pennsylvania has affirmed that decision on summary judgement. READ MORE >>
Monday, August 29, 2016It is not always in the best interests of a solo attorney to switch attorney malpractice insurance carriers if they are close to retirement. The savings of a couple of hundred dollars could cost them thousands of dollars later. See below for the attorney's inquiry and L Squared's response: READ MORE >>
Friday, August 26, 2016We work with many distressed firms to place Lawyers Professional Liability Insurance Coverage. Most of the time the firm is in the distressed or surplus lines market because of claims. Distressed firms depending how much work they are willing to put into the disclosing claims informat... READ MORE >>
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