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Saturday, July 04, 2009

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Insurance Home » Reports » Legal Malpractice

Legal Malpractice 10–Year Summary

Note: Claims closed may have resulted from incidents in any previous period.

Legal Malpractice Experience
Ten Year Summary
(1999— 2008)
Closed Claims Number Of Claims Percent Of Claims Total Indemnity Paid Average Indemnity Paid Total Loss Expenses Paid Average Loss Expense Paid
All Closed Claims 2,460 100.0% $66,320,541 $26,960 $40,564,558 $16,490
Closed with Payment 666 27.1% $66,320,541 $99,580 $23,713,181 $35,605
Closed without Payment 1,794 72.9% $0 $0 $16,851,377 $9,393
Claims Settled Through Court Proceedings 210 8.5% $8,877,618 $42,274 $9,889,184 $47,091
Court Proceedings Resulting in Payment 34 1.4% $8,877,618 $261,106 $3,999,341 $117,628