Underwriters Owe For 'Run-Off' Legal Malpractice Insurer Says
Law360, London (November 20, 2019, 8:43 PM GMT) -- A legal professional indemnity insurer is suing eight Lloyd's syndicates to force them to pay for wrap-up work done after their agreement ended, arguing that it should be paid for "run-off services."
Tindall Riley & Co. Ltd. filed its High Court suit against the Underwriting Members of Lloyd's Syndicate 2001 and others seeking payment for work done under three agreements for 2015, 2016 and 2017 for which the legal insurer also handled and settled claims, according to court documents released Tuesday. The claimant operated a program for the underwriters under its Libra division, which provides professional indemnity insurance.
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