lawyers professional liability News

Pearl Insurance Expands Lawyers PL Program to Florida, Georgia

Pearl Insurance, a third-party administrator, has expanded its Lawyers Professional Liability program to Florida and Georgia. The program is designed for law firms with one to 35 employees. Pearl Insurance has over 60 years of experience in providing professional liability …

New MGA Founders Specialty Targets Professional Liability Risks

National wholesale insurance broker, Founders Professional, has opened a new managing general agency, Founders Specialty, which will focus on developing products primarily in the professional liability space with key insurance partners. Founders Specialty will be led by industry veteran, Stephen …

Berkshire Hathaway GUARD Adds Lawyers PL Program, Plans Other Product Launches

Berkshire Hathaway GUARD Insurance Companies is now offering a lawyers professional liability policy in California, Maryland, New Jersey, Pennsylvania, Texas, and the District of Columbia with ten more states planned in 2016. Available as either a complement to other policies …

Court Finds Law Firms Not Liable in Financier Stanford’s Ponzi Scheme

Two big New York law firms that represented the now-imprisoned financier Allen Stanford persuaded a federal appeals court on Thursday to throw out a lawsuit claiming that they helped conceal his $7.2 billion Ponzi scheme. Reversing a lower court ruling, …

Synergy Professional Associates Expands Lawyers Program to Washington

Synergy Professional Associates has launched a new lawyers professional liability program focused on small law firms in the state of Washington, in partnership with AmTrust Underwriters Inc., an AmTrust Financial Company. The new facility targets small law firms from one …

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 …