All PII articles – Page 2
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OpinionLetters roundup: 14 Aprill 2023
The cab rank rule, India and professional indemnity insurance: your letters to the editor.
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FeatureSpring thaw
Good news at last – the professional indemnity insurance market is softening and there may be new capacity on the horizon. Eduardo Reyes reports from the latest Gazette roundtable.
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NewsPII premium rises dip below 10% as market softens at last
Law firms renewing cover this autumn can expect increases roughly in line with inflation for the first time in years.
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NewsFirms go under as PII premiums soar to 20% of turnover
Indemnity insurance becoming particularly expensive for firms reliant on conveyancing work.
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NewsBig Five law societies fight SRA's SIF plan
Birmingham, Bristol, Leeds, Liverpool and Manchester societies express ‘deep concern’ that regulator failed to consult on other options.
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FeaturePII: a change in the weather
Long Read: Premiums are still going up, but the professional indemnity insurance market is softening at last.
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NewsFirm shuts citing ‘unmanageable’ rises in PII costs
Conveyancing practice secures merger with 360 Law Group after finding insurance too expensive.
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NewsNews focus: Sole practitioners are fed up with unfair competition
Delegates at the annual SPG conference heard about problems unregulated legal providers are causing the profession and their clients. But there was better news on PII
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NewsSRA accused of selective accounting over indemnity fund plan
SIF shutdown is unnecessary and would breach regulator's statutory duty, Sole Practitioners Group hears.
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ProfileLawyer in the news: David Robinson, Kennedys
Legal director in the professional liability division at Kennedys, London.
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NewsSRA intervenes after venerable Wales firm enters liquidation
Firm cites rising indemnity insurance costs as key factor behind closure.
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NewsFresh reprieve for retired solicitors' safety net
Solicitors Indemnity Fund preserved as SRA defers decision on post six-year run-off cover.
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FeatureCovering the bases
In year two of a teak-hard market for professional indemnity insurance, premiums continue to rise amid concerns about capacity. But are we over the worst? Eduardo Reyes reports from the latest Gazette roundtable discussion.
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NewsSole practitioners dispute need for annual levy to sustain SIF
Figures suggest runoff cover could be provided for years without an extra call on the profession, says the Sole Practitioners Group.
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NewsSuper-regulator acknowledges that PII costs are driving firms under
Legal Services Board pledges to find ‘possible solutions’ to the hardening professional indemnity insurance market, after the SRA declines to intervene.
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NewsSRA chief tells firms to ‘take the rough with the smooth’ over PII hikes
Regulators have no intention at this stage of stepping in to reduce minimum terms and conditions for insurance.
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NewsSRA plans to end indemnity cover for retired solicitors
Closure of the Solicitors Indemnity Fund is regulator's preferred option in consultation opening today.
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NewsSRA approves PII clause clarifying cybercrime cover
Regulator says addition to minimum terms and conditions can provide clarity without pushing up premiums.
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NewsSociety will fight to save SIF from closure
Council resolution says that extension of fund is in interests of profession and public.
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NewsSIF saga latest: Solicitors 'should pay extra £10 a year' for retirement protection
Solicitors threatened the SRA with judicial review over the 'arbitrary' closure of the Solicitors Indemnity Fund, it has emerged.