professional liability insurance
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Five insurance companies to pay $4.1 million to a bailiff’s firm
The Quebec Court of Appeal ordered five insurance companies to pay approximately $4.1 million to a bailiff’s firm after it refused to cover its losses and legal fees in a case that clarifies when professional indemnity claims can be triggered and reiterates yet again the principle that lawyers should not have two masters. Continue reading
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Misappropriation of funds: The profession’s dirty little secret
Misappropriation of funds happens more frequently than the profession cares to admit, particularly thefts from a law firm’s general accounts. Continue reading
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Investors delighted but insurers concerned
A ruling that ordered an insurance company to pay $460,000 to a Quebec couple raises questions over the scope of professional liability insurance coverage. Continue reading
Categories: Business, Financial services, Quebec, Quebec Court of Appeal, Rulings, White-collar crimes