All PII articles – Page 3
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News‘Bleak’ picture of massive PII premiums set to remain for now
Broker says increasing costs will be experienced even by those firms which are claim-free.
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NewsDon’t close the SIF in this tough insurance market, SRA urged
Law Society and Legal Services Consumer Panel join hands in call for alternative arrangements to be made.
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OpinionSIF closure – what happens next?
How the Law Society is addressing the closure of the Solicitors Indemnity Fund.
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NewsSRA wants new PII clause on cyber-crime - but premiums 'won't go up'
Regulator says more clarity is needed about cover for client losses suffered through cyber attacks.
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FeatureSolicitors’ cyber cover – going quietly?
Potential changes to the scope of cover for cyber-related claims.
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FeatureHard times - PII roundtable
Covid-19 has helped to deliver the hardest market for solicitors’ indemnity insurance since demutualisation more than 20 years ago. Eduardo Reyes reports from the Gazette’s latest roundtable
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OpinionCovering the bases
Law firms renewing PII last year encountered the hardest market seen since demutualisation two decades before.
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NewsSolicitors face hardest PII market for 20 years
Some indemnity insurers demanding personal guarantees and even payment of excesses into escrow accounts.
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FeatureLaw Society spotlight: December Council meeting
The final Council meeting of 2020 took place on 9 December.
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OpinionWhisper it quietly, but law firms have done well in lockdown
Costs have been shaved and home working is a success - no wonder the market is so calm.
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NewsClient account outsourcing fails to take off
SRA pushing benefits of third party managed accounts as a way of limiting insurance costs.
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OpinionPII: Now is the time to act for spring renewals
Law Society suggests how firms can prepare for an April renewal, and provides alternatives for those concerned about the future.
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NewsPartners spared £2m exposure after colleague stole client funds
Indemnity insurer fails to convince High Court that different claims can be aggregated as one.
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NewsClaims against solicitors rose during lockdown, study suggests
Firms need to bolster their risk management practices as staff continue to work from home, says City firm.
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FeaturePII: Renewal or run-off?
If you have serious concerns about the viability of your business, then now might be the most sensible time to close.
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FeatureRunning for cover
Law firms must brace themselves for big increases in indemnity premiums. Eduardo Reyes takes the pulse of a rapidly hardening market.
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NewsLet us cancel PII policies for non-payment, plead insurers
Trade association says insurers are being asked to take on unsustainable risk during current crisis.