The specialty company, American National Lawyers Insurance Reciprocal (ANLIR), which was
active in lawyers' professional liability insurance in several states, has been placed in receivership by regulators. This could spell big trouble for lawyers who are currently insured or depending on tail coverage from this Tennessee company.
Affected firms should contact a broker knowledgeable in LPL immediately for replacement coverage where possible. We'll update you on this situation in later issues and discuss some of the interesting aspects of the situation, including how to avoid a similar fate!