Firms rethink insurance needs; as liability risks grow
Article Abstract:
Attorneys' increased liability risks in the wake of the Kaye Scholer settlement have increased the importance of adequate liability insurance to protect a firm's financial health, but suit-prone government regulators, the savings and loan crisis and the bankruptcy of some debt-burdened companies have combined to make sufficient insurance coverage extremely expensive. The increased claims expected in 1993 and 1994 will decrease the availability of insurance. Law firms with good relationships with underwriters and brokers and strong loss-control programs will be most likely to find insurance.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1992
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Pollution liability insurance improves; thanks to increasing competition and insurer experience, premiums have fallen and the scope of coverage has broadened
Article Abstract:
Pollution liability insurance has changed due to company experience and increasing competition, and one change is that several insurers will pay remediation costs when a clean Phase I environmental survey is innaccurate and there is contamination. When minor contamination is known to exist and evidence that the government will not take action exists, policies often insure against legal action. The premium structure depends on the property's use and history. Other features of most pollution liability policies are listed.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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EPLI policies now available to firms; insurers have just begun to offer law firms employment practices liability insurance, which covers employment-claim liability
Article Abstract:
Employment practices liability insurance and provides economic protection against sexual harassment, wrongful dismissal, employment discrimination and many other kinds of claims employees routinely file against employers. This type of insurance only became widely available in 1997, with over 40 different underwriters offering policies with a variety of coverages. Policies differ greatly
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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