Tag: professional liability insurance

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.

Montreal law firm on its own to defend itself, appeal court rules

A Montreal law firm caught in a web of lawsuits after a former partner allegedly orchestrated a multi-million dollar Ponzi scheme lost a key legal battle.

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.

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.