Click The 10 Worst Corporate Accounting Scandals of All Time
If there is one theme to rival terrorism for defining the last decade-and-a-half, it would have to be corporate greed and malfeasance. Many of the biggest corporate accounting scandals in history happened during that time. In acknowledgement of the excellent webinar about Fraud Detection recently offered by the CPAFMA, here’s a chronological look back at […]
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Rickard Jorgensen - Posted in Bad policies, being sued, checklist, coverage limitations, definition of professional services, due diligence, Fraud, lawsuit, professional liability claims, risk management, Uncategorized
Apr, 08, 2018
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Who handles my claim at QBE?
We’ve had some really positive feedback about the excellent claims specialists at QBE. Fast, efficient and expert are some of the admiring words we’ve heard. But who are the good folks and what do they look like? I asked the guys to give us a quick bio and photograph so if you ever need to […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Accountants' risk management, Claims, claims notification, insurance, lawsuit, Uncategorized
- Mar, 09, 2018
- No Comments.
How Long Is Too Long to Wait for Malpractice Actions?
By Seth L. Laver, Andrew P. Carroll and Sean P. Beiter of Goldberg Segalla Guest bloggers from the law firm Goldberg Segalla posted the following which we thought is timely and pertinent: One of the most common problems facing a would-be plaintiff considering a malpractice case is when to file suit. Similarly, those that defend professionals […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Accountants' risk management, being sued, Claims, claims notification, coverage limitations, lawsuit, professional liability claims, Uncategorized
- Feb, 05, 2018
- No Comments.
When to disengage
by Rickard Jorgensen, FCII, ACIArb., ARM Suspending services to a client can be fraught with problems and if not handled carefully could result in a malpractice lawsuit. The following scenarios may be the most obvious signs that it is time for you and your client to go your separate ways. Unresponsive or evasive clients If […]
- Posted by Rickard Jorgensen
- Posted in being sued, Client relations, Disengagement, insurance, lawsuit, professional liability claims, risk management, Uncategorized
- Feb, 05, 2018
- No Comments.
How comprehensive is your coverage? Why a limitation in your professional liability policy for negligence only is a very bad idea.
by Rickard Jorgensen, FCII, ACIArb., ARM Recently one of our competitors relaunched and rebranded its accountants’ professional liability program. The new program was promoted as broader coverage and an enhancement upon the previously terminated program. There were various “bells and whistles” added to the program but one important feature was conspicuously overlooked and omitted from […]
- Posted by Rickard Jorgensen
- Posted in Accountants' risk management, Bad policies, being sued, Coverage, lawsuit, negligence only policy, policy coverage, professional liability claims, risk management, Uncategorized
- Dec, 04, 2017
- No Comments.
Can a Single Lawsuit = Multiple Claims?
by Seth L. Laver, Michael P. Luongo and Michael T. Glascott Professional liability insurance is necessary to any responsibly-run professional practice. The limits of coverage available under an E&O policy help to protect professionals against financial loss. However, the limits of coverage between different policies do not necessarily offer the same protection, even if the […]
Read More- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, being sued, Claims, Client relations, Mediation, risk management, trial
- Sep, 11, 2017
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How To Minimize The Damage Of Lawsuits
by Rickard Jorgensen, FCII, ACIArb., ARM Things Beyond Your Control That Precipitate Lawsuits With the advent of the computer era and information age, the cultural and business climate of the nation, and world, has shifted. Businesses have become more complicated, as attitudes sanction greater and greater risk-taking. No longer are there sure-fire lifetime jobs […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Accountants' risk management, being sued, Claims, Client relations, Client screening, due diligence, engagement letters, engagement letters, file documentation, File retention, lawsuit, risk management, Uncategorized
- Aug, 08, 2017
- No Comments.
WannaCry provides a wakeup call for more training on email exploits
Originally posted May 14th, 2017 by Paul E. Paray, Esq. here. On May 12, 2017, WannaCry ransomware infections reportedly took hold of 200,000 computer systems in 150 countries. Experts have been warning against ransomware exploits for years. The recent rise of ransomware, however, has been a function of the low cost of financial data on the dark […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Claims, Cyber Liability, Fraud, Paul Paray, professional liability claims, risk management, social engineering
- May, 15, 2017
- No Comments.
Road Map of a Malpractice Lawsuit
By Jason Subbie & Ralph Picardi, Esq. Litigation is a punishing marathon. The process exacts an exhausting toll on the parties. A complex dispute can take several years from the date of the initial client dispute to the final verdict. And then, just when you think the dust has settled, there are almost always appeals. […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Accountants' risk management, being sued, Claims, lawsuit, Mediation, risk management, trial, Uncategorized
- May, 09, 2017
- No Comments.
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