All PII articles – Page 3
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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.
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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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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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OpinionCovering the bases
Law firms renewing PII last year encountered the hardest market seen since demutualisation two decades before.
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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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FeatureLaw Society spotlight: December Council meeting
The final Council meeting of 2020 took place on 9 December.