Legal malpractice claim payouts were the highest on record from 2019 through the middle of 2020, with the figures expected to remain high after the end of the COVID-19 pandemic, according to a new report by insurance broker Ames & Gough. While the number of claims filed during the period remained relatively flat compared to… Continue reading Legal Malpractice Payouts Soar, With Virus Claims Looming
Tag: LPL
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
Everest Insurance Launches Everest Elevation® Lawyers Professional Liability Policy
Everest Insurance® announced today the release of their new Everest Elevation® Lawyers Professional Liability Policy, designed to provide law firms with liability coverage for financial loss suffered by third parties arising from acts, errors, and omissions in providing legal services. Everest Elevation® addresses the coverage needs of law firms by providing market leading terms and… Continue reading Everest Insurance Launches Everest Elevation® Lawyers Professional Liability Policy