All PII articles – Page 2
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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.
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OpinionSIF: SRA consultation, closure and the future of post six-year run-off cover
We are in no doubt about the hardship our members and former members will face if a good solution is not found, writes the Law Society president.
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NewsFirms offered lower PII premiums for security tech
Offer from leading professional indemnity insurer is on condition firms use specific system for verifying client identities.
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FeatureSands of time
In a bone-hard market for professional indemnity insurance it pays to get in early, hears Maria Shahid.
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FeatureSolicitors' PII: Looking beyond the headlines
What should law firms expect in terms of a rate increase at their next renewal - and is there a risk they won’t get cover at all?
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NewsLawyers being punished for insurers' costs elsewhere, says regulator
Hardening market may prompt new rules for licensed conveyancers to keep cover affordable.
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NewsSRA postpones indemnity fund closure for 12 months
Regulator will consult on next steps, including alternative arrangements to protect retired solicitors.
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FeatureKicking up a storm
In a year of eye-watering PII premium increases, solicitors are entitled to grumble, Jonathan Rayner finds – even if they can’t agree on a solution.