Business Insurance

… the specter of bank failures, with wide impact on the American public. Lawyers, for example are the subject of recent inquiries because of their IOLTA trust accounts. The problem arises when any single account, in one person’s name exceeds the Federal Deposit Insurance Corporation guaranteed limit of $100,000. In an active family law, real estate, personal injury or debt collection practice, or even in a large mass tort case, it’s easy to grow beyond this cap. For example, if a lawyer holds $10, …

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