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Law Firm Had Duty to Report Omission, Even Though Clients Promised Not to Sue

The Iowa Court of Appeals has held that a law firm’s clients’ purported assurance that they would not sue the law firm for its omission in representing them did not obviate the firm’s obligation to notify its claims-made...more

Policy Rescinded Based on Insured’s Material Misrepresentation in Renewal Application

An Indiana federal court, applying Indiana law, has held that an insurer could rescind a claims-made-and-reported professional errors and omissions policy based on misrepresentations made by the insured in the policy renewal...more

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