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Lawyers Professional Liability Insurance: Coverage Issues

, New York Law Journal

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Jeffrey G. Steinberg writes: Although insured lawyers and their insurers are sophisticated groups, many of the former seem willing to purchase their professional liability insurance solely on the basis of price and without regard to subtle but important differences between policies, and many of the latter seem willing to accept the determination of the New York State Insurance Department that Insurance Law §3420(a) applies to such policies.

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