All PII articles – Page 6
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NewsYour indemnity insurance reforms won't work, insurers tell the SRA
Association of British Insurers suggests changes may even be counter-productive.
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NewsBenefits of reduced PII cover 'illusory', says City group
Representative group joins chorus of opposition to SRA plans to reduce minimum indemnity insurance cover.
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News
‘No evidence’ insurance reform will slash indemnity premiums
Clients and law firms will both suffer if the Solicitors Regulation Authority pushes through reductions in minimum insurance cover, the Law Society has warned. Regulators want to reduce the minimum indemnity threshold from the current £2m, to between £1m for conveyancing firms and £500,000 for all others. The SRA, which ...
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FeatureRoundtable: Breaking cover
Despite a long-benign market, regulators appear determined to push through controversial reforms of professional indemnity insurance. Premiums are unlikely to fall but clients and solicitors will be exposed to grievous new risks, hears the Gazette’s latest roundtable.
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NewsLaw Society hits out at regulator's 'demolition' of client protections
Chancery Lane says plans outlined in SRA consultation on indemnity insurance and the compensation fund are ‘utterly misguided’.
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OpinionWhy there’s nothing wrong in gold-plating trust in solicitors
Consumers should not be driven away by expensive rules, but don’t underestimate the lure of reassurance.
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NewsFirms on notice after collapse of indemnity insurer
Around 200 England and Wales firms are covered by the Dublin-registered company.
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FeaturePII SPECIAL: Storm watching
Market for indemnity cover remains benign, but a slew of natural disasters has cast a cloud over future premium rates. Eduardo Reyes reports.
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FeaturePII update: Double indemnity
Most law firms will renew their indemnity insurance next month. Solicitors, brokers and insurers talk to us about the latest market trends.
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NewsFirms settle for one PII broker - but many clueless about commission
Results of the annual indemnity insurance survey show stable levels of activity in the market.
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OpinionRun-off rip-off
Why should insurers continue to take a premium after the potential basis of a claim to arise has stopped? The current system is inequitable
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NewsSRA unmoved on tackling 'gold plated' minimum PII cover
Authority also plans to relax rules on switching legal services regulator.
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NewsFirm acts against cloning attack from Russian hackers
Fraudsters have set up website with similar domain name and stolen details of legitimate fee earners from Ashtons Legal.
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FeaturePII special: Cheap and cheerful?
Kicking off the Gazette’s PII special focus, Eduardo Reyes highlights the distinguishing characteristics of this year’s ‘benign’ renewal season.
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FeaturePII special: Cutting negligence claims
Insurers should come clean on specific behaviours giving rise to claims.
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FeaturePII special: Seeking closure
Only a third of solicitors are aware that the Solicitors Indemnity Fund closes in 2020. Look at your cover!
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FeaturePII special: Science of compliance
COLP and COFA roles are much-maligned but they have successfully focused firms on risk.
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FeaturePII special: Are you cyber-secure?
Law firms are seen as soft targets by criminals so prepare for the worst.
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