To an underwriter for professional indemnity insurance, the term "professional" encompasses various services such as engineering, legal, tax, and financial services, among others. When a company assigns an unqualified and therefore incompetent individual to manage these critical services, it inevitably leads to the loss of qualified talent and hampers day-to-day business activities. In such circumstances, it is unreasonable for management to expect local staff to perform better, as this constitutes a clear double standard. Top management must lead by example, as accountability begins at the top.
Faraz . H’s Post
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Enhance your firm's efficiency with ISBA Mutual Insurance's Practice Resource Library! Our comprehensive collection of downloadable forms and letters is designed to simplify daily operations for Illinois lawyers. Whether you're drafting agreements or managing communications with other firms, our resources are here to assist you. Unlock a smoother management experience today. Explore now: https://lnkd.in/g48pvh8G. #PracticeManagement #IllinoisLawyers
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Great to catch up with jeremy abram, Andrew Brecher, Caroline Ko, and the rest of the team at Brecher LLP. Lucy Fermor, Lianne Bayne and I provided an overview on the Legal Indemnity market, including topics relating to: Certificate of Title top up: Providing cover in excess of a law firms Professional Indemnity limit. Portfolio/Limited Due Diligence: Useful when refinancing or where time is prohibitive. Agreed Conduct: With an example given of allowing pro-active or re-active engagement with parties to benefit of a Restrictive Covenant to seek a deed of release. Market Update: Discussing insurer appetite, along with new products and innovations. The team at Clear Insurance - Specialist Risk would be delighted to provide a presentation or discuss any topics relating to this specialised area of insurance. #legalindemnity #titleinsurance #rightsoflight #realestate #law
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Attorney @ Perkins Coie LLP | Insurance Recovery Litigator and Coverage Counselor to Business, Non-Profit, and Individual Policyholders
Proud of the 194 Perkins Coie LLP colleagues (across 84 nationwide practice areas) who received rankings from Chambers & Partners, publishers of "Chambers USA: America’s Leading Lawyers for Business." Our growing Insurance Recovery practice was recognized nationwide, as well as in D.C. and (new) Washington State locality rankings. As we continue to grow our Chicago footprint, I have no doubt that a Chicago Insurance Recovery ranking (even in this very competitive market) will come soon. For more information on this year's Chambers rankings, see the link in the comments. #insurance #riskmanagement #chambers #bestlawyers
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See this interesting comparative guide for Switzerland concerning legal hot topics in the insurance and reinsurance industry authored by my colleagues Kevin M. Hubacher (胡凯文) and Thomas Nabholz #insurancelaw #reinsurance #insurtech
MLL Legal authored the new Legal 500 Country Comparative Guide for Switzerland concerning insurance and reinsurance. The Q&A-style guide provides you with an overview and valuable insights regarding Switzerland’s #insurance and reinsurance law landscape. The guide was co-authored by Dr. Kevin M. Hubacher (胡凯文), partner at MLL Legal, and Thomas Nabholz, partner and certified #tax expert at MLL Legal, both acting as co-heads of MLL Legal’s insurance industry group. https://lnkd.in/e73EK5mC #lawfirm #publication #mlllegal
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The recent ExCeL ruling has significantly impacted the landscape for business interruption claims, establishing important legal precedents for the future. 📢 In our latest blog post, we discuss the implications of this ruling, the role of litigation funding, and what businesses, insurers, and funders can expect moving forward. Read the full article here: ➡️ https://lnkd.in/eeyZTaF7 #BusinessInterruption #BIIClaims #LitigationFunding #LitigationFinance
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Having the experience of Phillips Consulting Group on your Team is often the missing piece to a successful claims department..... "Building and maintaining relationships in P&C claims adjusting isn’t just the icing on the cake; relationships are the cake itself. P&C commercial programs claims adjusters spend their careers nurturing relationships and partnerships across the entire insurance distribution channel. At the heart of any great P&C commercial programs claims team are the people who form it. Not just anyone can do this job; it takes experience. A lot of it. The ability to make strategic decisions, often on the fly, is a prerequisite." https://lnkd.in/gz_k8aKv #PhillipsConsultingGroup #MitigationExperts #Remediation #ConstructionRestoration #propertymanagement #molddamage #leadershipdevelopment
Three keys to a great P&C commercial programs claims team | PropertyCasualty360
propertycasualty360.com
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Safeguard Your Career with Professional Indemnity Insurance! In the fast-paced world of professionals, unexpected challenges can arise. Ensure your career's resilience with Professional Indemnity Insurance: Legal Protection: Cover legal expenses in case of errors or omissions. Financial Security: Shield your assets from potential claims. Client Trust: Boost credibility and build trust with clients. Compliance: Meet industry standards and contractual requirements. Don't wait for uncertainties to strike. Invest in your professional future today! Let's connect for a tailored consultation. 🤝 #ProfessionalIndemnity #CareerProtection #RiskManagement
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Now this is worth a read : I have long been interested in the unique dynamics of litigating or arbitrating the same dispute against multiple insurers.
A distinctive approach – Arbitration against insurers
herbertsmithfreehills.com
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Thomson Reuters has published the two-volume Twelfth Edition of the insurance law treatise, "Allocation of Losses in Complex Insurance Coverage Claims," authored by Hinshaw partners Scott Seaman and Jason Schulze. The book provides a comprehensive treatment of various issues impacting contemporary insurance claims, coverage litigation, reinsurance cessions, and arbitrations. Learn more here: https://lnkd.in/gY7JxhMW #Insurance #Insurers #InsuranceLaw #Litigation
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Insurance Professional, Risk Analysis, Commercial Insurance Programs, Flood Insurance Specialist, Family Business Owner
Litigation funding is a fascinating concept! Litigation funders analyze cases with significant potential returns, covering legal fees and expenses for the claimant in exchange for a share of the final award or judgment. Have you ever wondered why insurance rates are continuously rising? Here's one piece of the puzzle unveiled. #LitigationFunding #InsuranceRates #LegalIndustry
Triple-I: Insurance rates soar on investment strategy, legal system abuse
propertycasualty360.com
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