ENDORSING PROFESSIONAL LEGAL LIABILITY PLAN UNDERWRITTEN BY COREGIS
 
WHEREAS, the Philadelphia Bar Association ("Association") endorses a lawyer malpractice (professional liability program currently underwritten by Home Insurance Company;

WHEREAS, the broker of record for the Bar Association has solicited bids from other competing professional liability carriers in order to insure that the members of the Association are offered competitive rates and coverage;

WHEREAS, the Pennsylvania Bar Association and the Allegheny Bar Association have also engaged in such requests for competitive bids;

WHEREAS, Coregis (formerly Crum & Foster) has submitted a bid which appears in all respects to be competitive with the Home Insurance Company and which appears to provide a decrease in average annual premiums of approximately 5%;

WHEREAS, Coregis has indicated that it will make every effort to accept every current Home insured under a Bar Association-endorsed program of professional liability coverage;

WHEREAS, the Insurance Programs Committee has confirmed that Coregis holds the same A(-) rating from A.M. Best which Home holds;

WHEREAS, the broker of record for the Philadelphia Bar Association has investigated the financial stability of the reinsurers of Coregis and found them to be fiscally responsible;

NOW, THEREFORE, BE IT RESOLVED that the Philadelphia Bar Association shall endorse a professional legal liability plan underwritten by Coregis as soon as is practically possible, subject however to modification of the Coregis policy form so as to provide substantially similar protection as is currently afforded by the home Policy form and subject further to the adoption of similar resolutions by the Allegheny Bar Association and by the Professional Liability Committee of the Pennsylvania Bar Association and the Pennsylvania Bar Insurance Trust.

PHILADELPHIA BAR ASSOCIATION
BOARD OF GOVERNORS
ADOPTED: April 21, 1994