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In 2013, Lawyers' Mutual insurance underwriter (LMIC) celebrates its thirty five years because the solely California-based mutual company endlessly providing lawyers throughout the state with skilled liability coverage. LMIC is admitted 'A' rated carrier.

What we provide

The Legal insurance Crisis
In the mid-1970s, variety of insurance corporations in Calif. were marketing under-priced legal malpractice policies. it absolutely was conjointly a time of skyrocketing judicial proceeding, apace conducive to a growing variety of legal malpractice suits. presently, burgeoning malpractice claims began to value these liability carriers serious cash, and plenty of responded by dead discontinuing their legal malpractice programs. it absolutely was AN ominous trend that abandoned thousands of lawyers to AN insurance market within which no liability carrier may be counted on to supply reliable and continuous coverage for Calif. lawyers.
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Lawyers' Mutual provides the answer
The State Bar of Calif. viewed matters as a crisis of the primary magnitude, each for lawyers and their purchasers - all functioning while not applicable protection. Calif. urgently required a legal malpractice carrier capable of weathering any storm. it absolutely was clear that the corporate filling this large order would need to educate its policyholders so as to assist scale back the incidence of malpractice claims. it'd conjointly have to be compelled to charge accountable premiums spare to satisfy current and future monetary obligations to policyholders.

Out of this pressing would like, Lawyers' Mutual was born. LMIC was to be a "mutual" company whose policyholders would be member/owners - investment in and making the most of the company's stability. In 1979, LMIC issued its initial policy. By the mid-1980s, LMIC insured quite a 3rd of California's lawyers, most of whom had been left high and dry once alternative malpractice carriers fled the market.
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What makes United States completely different
From the beginning, we have a tendency to established a singular relationship with our policyholders. we have a tendency to were making a Calif. company for lawyers, directed by Calif. lawyers. If you contacted LMIC, you may speak directly with a political candidate of the corporate... which remains true nowadays. we have a tendency to conjointly offered superior loss hindrance and continued legal education to our members long before MCLE became a compulsory demand of the State Bar. most significantly, LMIC was here to remain. LMIC currently provides over eighty hours of State Bar approved MCLE, that is often unengaged to our policyholders.

The take a look at of your time
Eventually, the malpractice crisis passed. the quantity of claims leveled out, however under-priced liability carriers slowly began to creep into the market. Again, Calif. lawyers watched a replacement spherical of corporations come back and go, however this point LMIC was there. In 2013, LMIC celebrates its thirty fifth consecutive year of insuring the states lawyers.

We area unit pleased with those lawyers UN agency saw the worth of LMIC membership and therefore the knowledge of beginning....and protrusive....with Lawyers' Mutual.

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