When a professional faces a malpractice claim, contacting the insurance carrier can often lead to further feelings of dread or worry. Yet it is critical to timely and accurately report every actual or potential claim, or coverage may be barred.
We explore and analyze current issues and relevant topics to help accountants, attorneys, architects and engineers, insurance agents and real estate brokers avoid a professional liability case.
Missouri Lawyers, Avoid a Halloween Fright! An Important Update to IRS Notice Procedures For Non-Judicial Foreclosures
If global warming has taught us anything, it is that we will face increasing natural disasters - storms, floods, forest fires, and other devastating weather events appear almost daily on the news. In St. Louis, record rainfall flooded the metro area in July 2022. And these natural disasters collide with an attorney's obligation to maintain client files.
Insurance policies covering professional liability risks commonly afford coverage with eroding limits - such that the insurer’s payment of legal fees and expenses reduces the policy limits available to pay a settlement or judgment - and require an insured’s consent to settle.
Since HGTV’s debut of “Flip or Flop” nearly two decades ago, every cable network and streaming service has developed programs to promoting the fast cash investment strategy: Buy a distressed residential property, fix it up, and sell it for quick profit. Hollywood’s shine makes the process appear fool proof.