Risk Management

LAW FIRMS FACE UNRELENTING CHALLENGES OF LATERAL MOVEMENT, CYBER THREATS, AI RISKS AND FRAUD

WASHINGTON, DC, May 15, 2024 – In their efforts to sustain and grow their business while reducing risks and minimizing the potential for malpractice claims, law firms
throughout the U.S. must constantly navigate challenges of lateral movement, cyber threats,
artificial intelligence (AI) risks and fraud, according to a new study by insurance broker Ames
& Gough.

In its 14th annual survey of lawyers’ professional liability claims, Ames & Gough examined key trends driving law firm malpractice exposures and claims by polling 13 leading lawyers’
professional liability insurance companies that on a combined basis provide insurance to more than 80 percent of the Am Law 250 firms … Read More

The Impact of Catastrophe on Design

As the unfolding devastation caused by the earthquake in Turkey and Syria reminds us, catastrophic events can change the perspective of the world. Any time a natural disaster occurs, the design community should think about whether they should reconsider their design going forward. Read More.

Trends Driving Social Inflation and How to Respond

Contractors warrant their work in every contract. This is appropriate because they are doing work and have agreed to do it correctly or fix it if it is incorrect. Likewise, equipment is warranted. It works or doesn’t, and if it doesn’t, it should be made to work. When providing work or equipment, warranties and guarantees are appropriate. The expectation is that you will provide what you’ve promised to deliver. Read More

Why Warranties Are Not Covered by Professional Liability Policies

Contractors warrant their work in every contract. This is appropriate because they are doing work and have agreed to do it correctly or fix it if it is incorrect. Likewise, equipment is warranted. It works or doesn’t, and if it doesn’t, it should be made to work. When providing work or equipment, warranties and guarantees are appropriate. The expectation is that you will provide what you’ve promised to deliver. Read More