law firms

LAW FIRMS SEE U.S. LEGAL MALPRACTICE CLAIMS COSTS SOAR AS THEY RUSH TO COPE WITH RAPID CHANGE

News Release: WASHINGTON, DC, May 23, 2022 – As law firms throughout the U.S. try to navigate an intensely competitive and rapidly changing operating environment, the costs of their legal malpractice claims are reaching troubling new heights, according to a new study by insurance broker Ames & Gough … Read More

AMES & GOUGH APPOINTS URI GUTFREUND AS SENIOR VICE PRESIDENT, LAW FIRM PRACTICE

WASHINGTON, DC, March 23, 2022 – Ames & Gough, a leading insurance broker and risk management consultant specializing in serving law firms, design professionals, associations/nonprofits and other professional service organizations, today announced the appointment of Uri Gutfreund as a senior vice president focusing on law firms.

Cyber Exposure: Smishing Explained

Most businesses and individuals are familiar with phishing, a cyberattack technique that entails cybercriminals leveraging fraudulent emails to manipulate recipients into sharing sensitive information, clicking malicious links or opening harmful attachments. While these email-based scams remain a pressing concern, a new form of phishing—known as smishing—has emerged over the years, creating additional cyber exposures for businesses and individuals alike.

What Does a Reservation of Rights Mean?

Here’s the scenario: a problem arises on a project, either a claim or pre-claim that prompts you to report the matter to your professional liability carrier. Within the first couple of weeks following the notice, you’re likely to receive a very ominous letter that tells you all the things that your professional liability policy may not cover.