Attorney s Liability Assurance Society is one of the largest lawyer-owned mutual insurance companies in the United States. The company s membership comprises nearly 250 firms with more than 55,000 lawyers headquartered in more than 45 states. At the end of 2005, its members net worth was a record approximate $425 million. ALAS was founded to provide law firms with a stable source of insurance coverage. The company s claims, loss prevention and member services departments are staffed by lawyers with significant experience in private practice. The company offers limits of up to $75 million per claim and nearly $150 million in the aggregate, one of the highest limits available to law firms in one policy from a single insurer. In addition, its policy form is one of the most comprehensive available to law firms in the insurance industry, particularly in areas such as punitive damages. Attorney s Liability Assurance Society is located in Chicago.