The frequency of legal malpractice claims remained relatively flat last year, but the severity of claims continued to rise. According to a report issued by specialty broker Ames & Gough, seven of the 11 leading insurers writing lawyers professional liability insurance surveyed reported claims frequency similar to 2020. However, the report said, “The last several… Continue reading Legal Malpratice Liability Claims Costs Soar
Tag: Lawyers Professional Liability Insurance
Everest and Embroker Launch New LPL Policy
Everest Insurance has joined with digital insurance brokerage Embroker to provide a new online lawyers’ professional liability program for law firms with up to ten employed attorneys. Everest said the new policy offers several value added coverage enhancements through Embroker’s digitized platform. Coverage is available in 31 states and looks to expand availability further in… Continue reading Everest and Embroker Launch New LPL Policy
Lawyers’ Professional Liability Insurers See Surge in Claim Severity, Uptick in Frequency
As law firms across the U.S. navigate a difficult environment where they are pressured to do more with less and endure greater scrutiny from corporate clients over their fee structure, deliverables and performance, many also are dealing with a growing number of multimillion dollar legal malpractice claims and their potential impact on their business and… Continue reading Lawyers’ Professional Liability Insurers See Surge in Claim Severity, Uptick in Frequency