lawyers professional liability News

OneBeacon Sells Lawyers Professional Liability Business to Argo

OneBeacon Insurance Group Ltd. has sold the renewal rights to its lawyers professional liability business to Argo Group US, Inc., a member of Argo Group International Holdings Ltd. The transaction includes renewal rights to policies renewing on or after January …

Insurers See Rise in Severity of Lawyers’ Malpractice Claims: Ames & Gough

Although the frequency of law firm malpractice claims has begun to level off following a post-recession surge, their severity has continued to increase. A study by insurance broker Ames & Gough finds most leading legal malpractice insurers had a continuing …

IronPro Launches Privacy, Security Endorsement for Lawyers PL Program

IronPro, the professional and management liability unit of Ironshore Inc., has introduced a network security and privacy breach endorsement that can be added to its lawyers professional liability (LPL) program.  This new endorsement provides reimbursement for expenses incurred as a …

U.S. Risk Rebrands PL Division, Launches Program for Texas Lawyers

U.S. Risk Insurance Group, Inc., a nationwide managing general agency and surplus lines, has launched a new program for Texas lawyers’ professional liability through its U.S. Risk Pro division.  This admitted program, written on AmTrust Group insurance carrier paper, has …

B&B Protector Plans, Aspen US Partner for Lawyers Professional Liability

B&B Protector Plans, Inc. and Aspen US Insurance have partnered for lawyers professional liability, with Aspen US now the carrier for the Lawyer’s Protector Plan (LPP). The program will offer lawyers professional liability coverage to law firms with one to …

Allied World Launches Admitted Lawyers Professional Liability Product

Allied World U.S. has launched a new admitted lawyers professional liability product: Allied World LPL Assure. LPL Assure includes provisions specifically addressing privacy and network security wrongful acts, with coverage up to the full policy limit for no additional premium. …

Hiscox, Rocket Lawyer Partner to Provide Resources to Small Businesses

Hiscox has  partnered with Rocket Lawyer, an online legal service, to provide small businesses with both insurance and legal advice. In addition to Hiscox’s insurance policies for small businesses, Hiscox customers will also have access to step-by-step legal documents and …

OneBeacon Launches Non-Admitted Lawyers E&O Product

OneBeacon Professional Insurance (OBPI), a member of OneBeacon Insurance Group, Ltd., has launched a new non-admitted lawyers’ professional liability product for law firms in certain areas of practice. “This new, non-admitted product gives brokers the flexibility to consider a wide variety of …

JLT Facilities Introduces Non-Standard Lawyers PL Program

JLT Facilities, Inc., part of the Jardine Lloyd Thompson (JLT) Group, has established a non-standard lawyers professional liability program. Coverage is available nationwide and underwritten by JLT Facilities through an A.M Best “A” rated carrier. The non-standard program is for …

Football Players Sue Chicago Law Firm

Kansas City Chiefs quarterback Kyle Orton and some 20 other NFL players are suing a Chicago law firm for more than $10 million, claiming they received bad financial advice on investing in energy concerns. The 14-page lawsuit filed in Cook …