Features
Feb. 1, 2011
Professional Liability Insurance Report
Despite reports of a spike in demand by smaller firms for malpractice insurance policies since the state's disclosure requirement took effect last year, insurers say the price of coverage remains accessible.
Ever since California's mandatory malpractice insurance disclosure requirement took effect last year (rule 3-410 of the Rules of Professional Conduct), the estimated 30,000 or so lawyers who carry no professional liability policy have had to do some serious thinking about whether to stay uninsured.
"We've experienced a noticeable spike in demand for coverage, especially from smaller firms, ever since the disclosure-of-coverage requirement went into effect," reports Brian Ahe...
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