A relatively new trend, Ames & Gough reported insurance defense lawyers are seeing an increase in malpractice claims. However, an insurer's ability to sue defense counsel varies by state. In some states, the law is unclear, while in others it is permitted under several legal theories of liability outlined in Ames & Gough report. (Credit: Vitalii Vodolazskyi/Shutterstock.com)
Although the frequency of legal malpractice claims remained relatively static from 2020-2021, after spiking in 2019, the amount paid per claim continued an upward trend as mistakes became more costly, according to a survey of insurers that write legal professional liability coverage by Ames & Gough.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
