PHIL’S CORNER: Impact of COVID-19 on LPL Claims – If Any

Phil’s Corner is a special column from OAMIC’s President & CEO Phil Fraim that is sent in our e-newsletter each month.So far in 2020, claims in our office have been improved both in the number of new matters and the average size of those matters. Is this a false sense of security, the calm before the storm? It is way too early in the game to make predictions on what is known as a relatively long-tail line of coverage. [...]

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Phone Scam Warning Signs and How to Protect Yourself

A phone scam, also called telemarketing fraud, refers to any type of scheme in which a criminal communicates with the potential victim via phone, including both phone calls and text messages (via Cornell Law School). This method is often effective, as reputable companies do legitimately use telemarketing to conduct business — meaning it can be difficult to distinguish between what’s real and what’s a scam. WARNING SIGNS  There are many different types of phone scams, but they always involve trying to [...]

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OAMIC Announcement: New Insured Portal Goes Live

At OAMIC, our goal is to continue raising the bar for our insureds. We are the only local provider of legal malpractice insurance, and that’s not something we take for granted. We strive to always provide unparalleled customer service. In this day and age, that customer service committment must extend to our online portal. The redesigned portal has many enhancements, including these key features: ACCESS IT ANYWHERE. The new portal includes a fully-responsive design, meaning you can easily access it from [...]

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8 Easy Tips to Increase Data Security at Your Law Firm

In 2012, then-FBI director Robert Mueller said, “I am convinced that there are only two types of companies: those that have been hacked and those that will be. And even they are converging into one category: companies that have been hacked and will be hacked again.” Mueller’s observation continues to be true today for large global companies and small business alike — including law firms. There have been numerous reports over the last decade about law firm data breaches in [...]

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What Is Email Wire Transfer Fraud and How To Prevent It

Scamming people for money is not a new concept but it has gotten much more sophisticated as technology continues to advance. Email wire transfer fraud is one of the most common types of fraud. In 2018 alone, the FBI received more than 20,000 email wire fraud complaints with adjusted losses of more than $1.2 billion, according to the the organization’s 2018 Internet Crime Report. Attorneys can be an easy target for cybercriminals because they often wire money to or on [...]

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