7th Circ. Warns Firms Not To Sleep On Malpractice Coverage

Law360, New York (April 16, 2013, 7:55 PM EDT) -- The Seventh Circuit recently swiped coverage for a malpractice suit accusing Koransky Bouwer & Poracky PC of botching a real estate deal, providing a cautionary tale for law firms that take lightly their obligation to notify insurers about the potential for professional liability claims.

In early April, the appeals court let Bar Plan Mutual Insurance Co. off the hook in a fight with Koransky over coverage under a claims-made policy for a lawsuit claiming the Indiana-based law firm unraveled a sales deal for a Rite Aid...
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