All PII articles – Page 8
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News£15.5m penalties for PII that put 1,300 law firms at risk
Financial Conduct Authority acts against five individuals over unauthorised schemes.
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NewsPII costs 'stopping firms switching regulator'
CILEx Regulation, established by the Chartered Institute of Legal Executives, said current PII rules load extra costs onto firms.
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NewsNo grounds for PII reforms, say lenders
Solicitors Regulation Authority reviewing professional indemnity insurance and Compensation Fund arrangements.
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NewsPII proposals could damage profession, City warns
Plans to reduce the minimum level of indemnity insurance cover would have only a ‘downside risk’, City of London Law Society said.
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FeaturePII update: ‘soft’ options
As solicitors experience another benign insurance season, many are unhappy that the regulator has reheated proposals for reform.
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NewsChancery Lane censures SRA over ‘flawed’ PII proposals
Society says the regulator’s recent paper fails to address why last year’s proposals on indemnity cover had foundered.
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FeaturePII: aggregation of claims
A Commercial Court judgment on an SRA clause relating to liability limits in PII claims could affect solicitors and insurers alike.
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NewsCourt rejects PII insurer's bid to aggregate £11m claims
Richard Woodman, a partner at Royds, said a ruling in the insurer’s favour would have set a ‘very dangerous precedent’.
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NewsNew insurer enters PII market aiming for specialist firms
Pelican Underwriting Management Ltd will offer £5m limits and initially target firms with one to five partners.
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OpinionPII renewal: scattergun or ‘sniper’?
There must be a simpler way of completing the indemnity renewal process.
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NewsHardship fund proposed for small firms seeking to close
Fund is one of several ideas advanced by the SRA to continue reform of professional indemnity insurance.
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FeaturePII Focus: overview
Solicitors renewing their indemnity insurance can once again expect a soft market – but there are looming threats to that stability.
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FeaturePII Focus: the broker's view
How firms can keep PII prices down without prejudicing protection.
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FeaturePII Focus: adviser's view
Claims against solicitors are up dramatically. Learn how to be an attractive risk.
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ProfileRoundtable: PII market
The 2014 professional indemnity renewal round was characterised as ‘benign’. After years of turmoil, is the insurance market for solicitors finally stabilising?