All PII articles – Page 7
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NewsSRA armed with data in preparation for new PII battle
Regulator says 98% of indemnity insurance claims analysed settled for less than £580,000.
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NewsComparison sites need access to firms’ past mistakes – SRA chief
‘People outside the sector would be surprised at how contentious this is proving for legal service providers.’
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FeatureA buyers' market: PII update
It’s a buyers’ market for professional indemnity insurance but practitioners must keep on their toes.
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NewsIndemnity premiums 'down by up to 20%'
Industry experts report that unrated insurers have been priced out of the market because their rated competitors are offering similar deals.
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NewsEnterprise firms unable to secure new PII put ‘on notice’
A third of the 43 firms covered by collapsed insurer Enterprise have failed to secure a new policy.
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NewsPII deadline looms for firms covered by Enterprise Insurance
Solicitors Regulation Authority says two-thirds of firms have found alternative cover.
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NewsFifty law firms face race against time to stay in business
Practices insured by unrated outfit Enterprise have less than three weeks to find alternative indemnity cover.
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NewsGibraltar-based PII insurer heads for liquidation
SRA says policies remain valid as Enterprise Insurance Company promises it will keep policyholders informed.
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NewsLaw Society voices concerns over ‘regulator shopping’ rule changes
Proposals could leave clients without insurance cover, Chancery Lane says.
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FeaturePII special: solicitor’s view
Niche firm principal Tony Roe reflects on how his indemnity renewal strategy has evolved.
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FeaturePII special: overview
Solicitors renewing their PII continue to encounter a benign market, but their regulator has not given up on far-reaching reform.
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FeaturePII special: cybercrime incident response
Buying a cyber-policy is not just about minimising financial loss.
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FeaturePII special: computing the risks
The chair of the Law Society’s PII committee notes that despite a benign market run-off costs and cybercrime need close attention.
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FeatureRoundtable: PII
Abolishing the single renewal date helped soften the market for PII, the Gazette’s latest roundtable heard. But a casual approach to risk appraisal and due diligence suggests law firms are storing up trouble.
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NewsConveyancer regulator presses ahead with PII reforms
Law Society warns of risk that closing firms will switch regulators to avoid run-off premium.
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NewsPII costs fall – but attempted fraud is rampant, Law Society reveals
A quarter of firms were hit by scammers last year according to Chancery Lane's annual PII survey.
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NewsSRA consults on costs for firms switching regulators
Solicitors Regulation Authority proposing to waive six-year run-off cover for professional indemnity insurance.
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NewsCyber-criminals alarm insurers as law firms lose £85m
Major insurer speaks out over the increasing frequency of cyber-attacks on law firms.
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NewsInsurer pulls out of PII market citing dangers of cybercrime
Elite Insurance also worried for its core market in the personal injury sector.