PHIL’S CORNER: What Do Split Limits Mean?
Phil’s Corner is a special column from OAMIC’s President & CEO Phil Fraim that is sent in our e-newsletter each month. Most professional liability polices provide different limits, or maximum dollar amounts that will be paid, for different areas. This differs from a typical general liability (GL) policy that is normally written on a combined […]
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PHIL’S CORNER: If LPL Is Important, Are Limits Also?
Phil’s Corner is a special column from OAMIC’s President & CEO Phil Fraim that is sent in our e-newsletter each month. Most of the good, conscientious lawyers I know support the idea of the importance of lawyers professional liability insurance (LPL) and would not think of practicing without it. This is not because they think […]
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PHIL’S CORNER: Explaining Gaps in Coverage & Prior Acts
Phil’s Corner is a special column from OAMIC’s President & CEO Phil Fraim that is sent in our e-newsletter each month. Hopefully all of you are more aware of coverage nuances within the claims-made policy forms from past articles and video information in the Resources section of our website. As mentioned before, there are no […]
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OAMIC Celebrates 40th Anniversary in 2020
Oklahoma Attorneys Mutual Insurance Company is proudly celebrating its 40th anniversary in the year 2020. OAMIC was founded in 1980, after a need for the company became clear to members of the Oklahoma Bar Association. In the late 1970s, the number of attorneys in the state of Oklahoma was increasing, but access to legal malpractice […]
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PHIL’S CORNER: The History and Benefits of Mutual Insurance Companies & 2019 Dividend Info
Phil’s Corner is a special column from OAMIC’s President & CEO Phil Fraim that is sent in our e-newsletter each month. Did you know the formation of mutual insurance companies dates back to the actual roots of modern-day insurance? This is something I couldn’t help but recall when reflecting on the fact that this is […]
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PHIL’S CORNER: Cycles in the Insurance Industry – Here’s How It Affects You (And Us, Too)
Phil’s Corner is a special column from OAMIC’s President & CEO Phil Fraim that is sent in our e-newsletter each month. For nearly 40 years, OAMIC has been the only local provider of legal malpractice insurance that is based in the state of Oklahoma. We take great pride in our local roots and do our […]
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PHIL’S CORNER: What Differentiates Successful Law Firms
Have you ever thought about attempting to map out a strategy to achieve guaranteed year-over-year revenue growth for the firm? Maybe you’ve actually considered ways to attract additional clients to the firm. We read about the increasing need for people and companies who struggle to solve their legal problems. At the same time, a good […]
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PHIL’S CORNER: How Much Legal Malpractice Coverage is Enough?
Phil’s Corner is a special column from OAMIC’s President & CEO Phil Fraim that is sent in our e-newsletter each month. The number one question I get asked by our insureds is, “What limits do I need?” It’s a tough question to answer, because no magical formula exists. I often facetiously tell people that if […]
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PHIL’S CORNER: When to Report a Claim
Phil’s Corner is a special column from OAMIC’s President & CEO Phil Fraim that is sent in our e-newsletter each month. Has it ever crossed your mind whether you should report a matter that could potentially be the basis of a claim? You may question the timing and whether there is even a need to […]
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