CAR Launches Program to Address Liability Inusrance Omissions

The California Association of Realtors (C.A.R.), Los Angeles, has launched its Strategic Defense Program, which will create a panel of real estate defense attorneys charged with improving the litigation climate and addressing the affordability and availability of errors and omissions liability insurance in California.

“Insurance rates and access to insurance carriers for errors and omissions insurance are directly affected by the number of claims, size of awards, and settlements paid out in California,” said C.A.R. President Jim Hamilton. “C.A.R.’s Strategic Defense Program will begin the hard work of correcting the difficulties associated with obtaining errors and omissions insurance due to the state’s litigation-prone environment, with the goal of making errors and omissions insurance less costly for our members.

“The attorney panel also will be utilized as a collective think tank that will generate innovative solutions to issues facing realtors in the litigation arena,” he said. “This will be accomplished through a newly created claims and defense litigation repository and through a series of strategic defense meetings between the attorneys and C.A.R.’s legal staff.”

Through its Attorney Referral Panel, the program also will support realtors with direct assistance by providing a list of experienced defense attorneys to defend a claim or lawsuit, as well as indirect assistance through its Risk Management Seminar Series, where attorneys offer valuable insights and strategies to minimize the legal exposure of real estate brokers and agents.

The Strategic Defense Program completes the final component of C.A.R.’s legal department’s three-pronged approached to member legal service, consisting of its successful Legal Hotline and amicus brief programs.

Topics California Auto New Markets