L Squared Insurance Agency Blog: malpractice insurance
View the latest blog posts from L Squared Insurance Agency.
Thursday, June 22, 2017Legal Outsourcing is a growing trend in the practice of law. This allows law firms to expand their practice when needed without taking on the fix expenses associated with hiring addition staff. But Legal Outsourcing does add additional risk and exposures to firms. READ MORE >>
Wednesday, June 21, 2017Recently a claim was made because a business deal was going bad. This could be a covered act if the lawyer or accountant were acting in their professional capacity and providing professional services. But in this case it was the insured accountant that had bought a non-accounting related business personally with nonmember partner from outside the firm. READ MORE >>
Tuesday, June 20, 2017Claims made policies normally contain a prior acts date. Firms face a dilemma when they have trouble renewing claims made coverage at a ‘reasonable’ price. Sometimes it is tempting to renew coverage without the prior acts being maintained to save money. READ MORE >>
Friday, June 16, 2017In Errant Gene Therapeutics, LLC v. Sloan-Kettering Institute for Cancer Research, a protective order stated:
“Confidential and Attorneys’ Eyes Only information shall be used by the Receiving Party solely for the purposes of preparation for trial, pretrial proceedings, and trial... READ MORE >>
Thursday, June 15, 2017In Continental Casualty Company (CNA) v Joseph J Boughton Jr, CNA was allowed to rescind coverage even after CNA agreed to pay $12,500 to reimburse one of the accounting firm’s owners for his legal costs. The CPA firm Marshall Granger & Co LLP was jointly owned by Mr. Laurence M Brown & Ronald J Mangini. READ MORE >>
Tuesday, June 13, 2017Formal Opinion 477 provides new guidelines when using e-mail communication with clients. The new standard balance the protection levels needed when using electronic communication with clients. The standard of ‘reasonable effort’ to unauthorized access of internet client communication needs to be followed. READ MORE >>
Thursday, June 8, 2017See the Rest of the Story. When Attorney Malpractice Prior Knowledge is not Prior Knowledge Blog
It is important to know when to put your Attorney Malpractice Insurance Carrier on notice. Most malpractice policies require the insured to put the malpractice insurance carrier on notice... READ MORE >>
Tuesday, June 6, 2017Previously we reported on Kentucky Attorney Conn who plead guilty to gaming the social security System out of over $550,000,000. According to the ABA Journal Attorney Conn cut his ankle bracket and has disappeared. The FBI has issued a warrant for his arrest. READ MORE >>
Friday, June 2, 2017Attorney Alison Motta was suspended for stated in one ruling that she did not like that this was ‘F---- B----‘ and rolling her eyes. This was one of many disruptive acts that she committed during in the trail of US v Redwood. READ MORE >>
Thursday, June 1, 2017Recently we blogged about the chronic overbilling problem West Virginia has for state appointed work. The attorney in that blog had been suspended for 2 years. At that time state officials were stating that there were other attorneys that were far worse. READ MORE >>
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