Lawyer prevails in dispute with malpractice insurer in legal malpractice case
This is a dispute between a lawyer and his legal malpractice insurer. One of the major trends in recent years is the coverage lawsuit filed by the insurance company against the lawyer. Legal malpractice insurance is usually purchased for a one-year period. The insurer agrees to indemnify and defend the insured against any and all claims arising in that year and only that year. The policies are known as “claims made” policies, which means the insurance company must receive the claim during the policy period or there is no coverage.