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This past year, California saw the departure of nine insurance companies that provide professional liability insurance to attorneys. This reduction of carriers -- combined with their unfavorable loss history, declining investment income and higher reinsurance pricing -- has created a "hard market" for California attorneys. For most firms in 2002, rates have increased from 40 percent to 100 percent. In an effort to position your firm to secure the most favorable terms, consider the following.
December 18, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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