lawyers professional liability News

Insurers Say Legal Malpractice Claims Hold Steady But Defense Costs Rise

Most leading legal malpractice insurers saw their claims level off in 2016 although their cost to defend claims continued to escalate. A study by insurance broker Ames & Gough finds that while the number of new malpractice claims brought against …

Argo Pro Enhances E&O Coverage for Professional Services Firms

Argo Pro, a member of Argo Group International Holdings, Ltd., has launched a new Argo PROtect line of products and enhanced errors & omissions (E&O) forms for four different classes of professional services. The following E&O PROtect forms are currently …

CNA Adds Data Breach, Network Security Endorsement to Lawyers’ PL Policy

CNA has launched a new lawyers’ data breach and network security endorsement. The new endorsement is available as part of CNA’s Lawyers’ Professional Liability (LPL) policy. The CNA LPL policy provides coverage for client network damage claims up to the …

ProSpecialist Insurance to Offer Lawyers PL in New York Through ProAssurance

ProLawyer Insurance, dba ProSpecialist Insurance Services, has been appointed by ProAssurance/Medmarc LawyerCare as the provider of its lawyers professional liability coverage in the state of New York. The product offers admitted coverage designed for law firms with one to 25 …

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 …