The First Indemnity Professional Liability Blog
American Alternative Insurance Corporation (AAIC) is a fully licensed and admitted insurance carrier in all 50 US States as well as the District of Columbia. The company has now been in the program space for 25 years and is a subsidiary of Munich Reinsurance America, Inc. Founded in 1917, Munich Reinsurance America, Inc. is one of the largest re-insurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company – that's among the highest in the industry.
Over the thirty years or so that I have represented lawyers, I have heard on many occasions that the trial judge made a mistake of law, and it was the judge’s error that caused the harm which forms the basis of the former client’s lawsuit against them. Texas, like many states has remained quiet on this point, until recently. Fortunately, for the lawyers in Texas there is now more hope that we can potentially argue in some situations, that the court’s legal error was what caused the client’s injury.
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