NU Online News Service, June 30, 1:03 p.m. EDT
The collapse of the housing market has led to an uptick in professional liability lawsuits filed against real estate attorneys — which has contributed to an rise in the number of claims filed against attorneys overall, according to a survey from insurance broker Ames & Gough.
Four in 6 insurers surveyed say lawyers' professional liability claims frequency is higher than last year. Three of the 4 say the increase runs as high as 10 percent over last year, while one says the increase is up to 20 percent, the specialty insurance broker reports.
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