All PII articles – Page 7
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FeatureRoundtable: Professional indemnity insurance
Solicitors’ mandatory indemnity insurance has never been more competitive, nor the claims environment more benign. So why are solicitors and brokers still losing sleep over PII? Eduardo Reyes reports from the latest Gazette roundtable discussion.
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OpinionConveyancing fraud judgment should put all firms on red alert
Indemnity insurers will want to see that firms involved in conveyancing are making adequate checks.
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NewsIndemnity insurers secure key PII Supreme Court ruling
Case brought by 214 property investors against their solicitors.
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NewsSociety calls for more detail on compliance waivers
Regulator wants to simplify regulatory regime and encourage innovation.
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NewsRegulator told PII reforms must not threaten trust in legal profession
Battle lines set to be drawn over the potential reduction in professional indemnity insurance minimum terms.
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News
Regulators fear they were misled over PII insurer’s collapse
Financial services regulators will investigate a professional indemnity insurer over fears they were misled about its financial position.
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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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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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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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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: 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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FeaturePII special: cybercrime incident response
Buying a cyber-policy is not just about minimising financial loss.
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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: solicitor’s view
Niche firm principal Tony Roe reflects on how his indemnity renewal strategy has evolved.