[Dean's World] Ron Coleman: First thing, let's deny coverage to the lawyers!

[notify at powerblogs.com]

Posted by Ron Coleman:
First thing, let's deny coverage to the lawyers!
http://www.deanesmay.com/posts/1175486550.shtml


   It's [1]not a bad gig, being an insurance company like Chubb.
   Sometimes regulated is a nice thing to be.

   Not only is it a nice living, but you have tremendous power over other
   people. And over whom would you, if you were an insurance company,
   enjoy most to exercise that power over? How about the people who try
   to get you to actually pay claims -- the class that's nearly as widely
   despised, or perhaps more so, than an insurance company? Of course, I
   mean lawyers.

   Any excuse to deny coverage -- either under a policy, or in the
   binding of a policy that could conceivably not fit into a predictable
   income stream profile according to the underwriters -- will do. Here's
   a new one: Blogging. Does blogging make a law firm uninsurable? Well,
   according to a report in the New Jersey Law Journal, [2]Chubb thinks
   so.

   In fact, most states require most lawyers to have malpractice
   insurance. What if this becomes a trend -- what if you're a lawyer,
   and your career depends on giving up law-blogging? And what if you
   believe [3]your career depends on continuing law-blogging?

   This seems to be an isolated incident. As the first time for anything
   is.

References

   1. http://www.marketwatch.com/news/story/chubb-quarterly-net-rises-6/story.aspx?guid=%7B2C315FCB-07E2-4124-B362-17B8905CF593%7D
   2. http://likelihoodofsuccess.com/2007/04/01/underwriting-by-untermenschen/
   3. http://www.likelihoodofconfusion.com/