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Professional Practice Insurance

Read need-to-know updates, commentary, and analysis on Professional Practice issues written by leading professionals.

Four Reasons Law Firms Change Insurers

by Dentons on

A law firm may find that renewing its legal malpractice policy with the same insurer year after year is advantageous for a number of reasons. For example, the law firm and insurer may build a strong working relationship, and...more

Mandatory PI insurance for lawyers - minimum requirements approved

by DLA Piper on

By decree no. 22 September 2016, published in the official gazette on 11 October 2016, the minimum requirements of the mandatory PI insurance for lawyers have been approved. The main minimum requirements are summarized below....more

Agent and Broker PL Claims Trends

From the 2015 PLUS Conference session “PLI for Agents and Brokers: Increasingly Risky?,” Peter Biging (Goldberg Segalla LLP) and Lisa Doherty (Business Risk Partners) discuss the evolving claims environment, including the...more

[Event] cyberSecure by ALM - Dec. 15-16, New York, NY

by cyberSecure on

Introducing ALM's cyberSecure — A two-day event designed to unite business leaders and the entire risk management team. Sessions and workshops will provide more than 1,500 attendees the insights and connections necessary to...more

[Webinar] Peeling Back the Curtain: Working with Your Legal Department to Optimize Your Relationship With Your Outside Law Firms -...

by Dickinson Wright on

The pressure between managing external legal costs and efficient execution of your company’s legal tasks while maintaining a successful relationship with your outside law firms can be a challenge. In this webinar, we examine...more

Insurance Recovery Law - May 2015 #2

Recent Lawsuit Underscores Critical Lessons for Purchasers of Cyber Insurance - Why it matters: Columbia Casualty Company v. Cottage Health Systems was filed on May 7, 2015, in the Central District of California. Cottage...more

Typo Renders Proposal For Settlement Ambiguous ? No Fees Awarded

by Hinshaw & Culbertson LLP on

In GEICO v. Ryan, No. 4D13-2615 (Fla. 4th DCA, Mar. 11, 2015), the Court reversed the Trial Court's award of attorney's fees in favor of the insured because the "Proposal for Settlement contains a patent ambiguity--spelling...more

Minority Powerbrokers Q&A: Carlton Fields' Ann Black

by Carlton Fields on

Ann Young Black is a shareholder and co-chairwoman of the financial services regulatory practice group at Carlton Fields Jorden Burt PA. She counsels financial services clients on a broad range of insurance, securities and...more

Texas' Atty Fee Statute — Elevating Form Over Substance?

by Zelle LLP on

Texas follows the American Rule, which provides that litigants may recover attorneys' fees only if specifically provided for by contract or statute. One such statute — Section 38.001 of the Texas Civil Practice Remedies Code...more

Insurance Recovery Law - Mar 13, 2014

Courts Hold that Involvement of Lawyers Insufficient Basis to Withhold Routine Insurer Fact Investigations Materials: Why it matters - These cases confirm that insurers cannot hide claims-handling and similar...more

Some Considerations when Preparing to Try a Property Damage Subrogation Case in the Age of CSI

by Cozen O'Connor on

Recent criminal trials turned national media events, such as the Trayvon Martin and Casey Anthony trials, have highlighted modern jurors’ expectations for forensic evidence. Commentators have termed jurors’ expectations for...more

Insurance by Number

by Gilbert LLP on

Jurist and law professor Richard Posner recently commented on a common problem among lawyers, namely, that they believe they have a “math block.” Jackson v. Pollion, 733 F.3d 786, 788 (7th Cir. 2013). More recently, Judge and...more

Accountant And Attorney Liability Newsbrief - Fall 2013

by LeClairRyan on

In This issue: - First Circuit Rejects Scapegoating and Diversionary Tactics by Plaintiff’s Counsel - Doing Wellness Right - Federal Judge Rules Law Firm Not Liable Under Chapter 93A - In Massachusetts, Employers...more

Ritholtz: Insurance Regulators Should Oversee Derivatives

by Bloomberg Law on

March 13 (Bloomberg Law) -- Barry Ritholtz, CEO at Fusion IQ, and Tangent Capital Partners' Bob Rice talk with Bloomberg Law's Lee Pacchia about the current state of the derivatives market and a recent initiative by ISDA to...more

Insurance Coverage Briefly – Autumn 2012

by Karey Pond on

The Autumn 2012 issue of our Perspectives newsletter highlights several interesting and important issues: • “Retain the Right Expert for Your Fire Case" is an editorial that discusses the issue of searching through the...more

Learning From Others’ Mistakes

by Karey Pond on

The Autumn 2012 issue of our Perspectives newsletter highlights several interesting and important issues: • “Retain the Right Expert for Your Fire Case" is an editorial that discusses the issue of searching through the...more

Justifiable Delay of Notice of Claim: Burden of Proof of Prejudice on Insurers

by Karey Pond on

The Autumn 2012 issue of our Perspectives newsletter highlights several interesting and important issues: • “Retain the Right Expert for Your Fire Case" is an editorial that discusses the issue of searching through the...more

Editorial: Retain the Right Expert for Your Fire Case

by Karey Pond on

The Autumn 2012 issue of our Perspectives newsletter highlights several interesting and important issues: • “Retain the Right Expert for Your Fire Case" is an editorial that discusses the issue of searching through the...more

Insurance Coverage Briefly -- Autumn 2012

by Kathryn Rivet on

The Autumn 2012 issue of our Perspectives newsletter highlights several interesting and important issues: • “Retain the Right Expert for Your Fire Case" is an editorial that discusses the issue of searching through the...more

Learning From Others’ Mistakes

by Kathryn Rivet on

The Autumn 2012 issue of our Perspectives newsletter highlights several interesting and important issues: • “Retain the Right Expert for Your Fire Case" is an editorial that discusses the issue of searching through the...more

Justifiable Delay of Notice of Claim: Burden of Proof of Prejudice on Insurers

by Kathryn Rivet on

The Autumn 2012 issue of our Perspectives newsletter highlights several interesting and important issues: • “Retain the Right Expert for Your Fire Case" is an editorial that discusses the issue of searching through the...more

Here is Something to Whistle About!- Reflections on the UBS Whistleblower - Tax Reduction and Deferral Strategies for Trial...

by Gerald Nowotny on

Over the last few weeks I have been diligently outlining tax planning strategies for trial attorneys with contingent fee income. These strategies have ranged from structured settlement arrangements using private placement...more

Tax Reduction and Deferral Strategies for Trial Attorneys – Part 5 : Structured Settlement Life Insurance – A Tax-Free...

by Gerald Nowotny on

In Part 5, I focus on the utility of the QSF from an investment funding perspective to illustrate how private placement life insurance can be used in a split dollar life insurance funding format in order to to create a...more

Trial attorney - Tax Planning Using PPLI and CLATs (Supplemental Presentation)

by Gerald Nowotny on

Part I of this series focused on tax reduction and deferral strategies for trial attorneys with contingent fee income using private placement variable deferred annuities in lieu of fixed annuities for structured...more

Tax Reduction and Deferral Strategies for Trial Attorneys – Part 2

by Gerald Nowotny on

Part I of this series focusing on tax reduction and deferral strategies for trial attorneys with contingent fee income examined the use of private placement variable deferred annuities in lieu of fixed annuities for...more

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