All PII articles – Page 8
-
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.
-
NewsConveyancer regulator presses ahead with PII reforms
Law Society warns of risk that closing firms will switch regulators to avoid run-off premium.
-
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.
-
NewsSRA consults on costs for firms switching regulators
Solicitors Regulation Authority proposing to waive six-year run-off cover for professional indemnity insurance.
-
NewsCyber-criminals alarm insurers as law firms lose £85m
Major insurer speaks out over the increasing frequency of cyber-attacks on law firms.
-
NewsInsurer pulls out of PII market citing dangers of cybercrime
Elite Insurance also worried for its core market in the personal injury sector.
-
News£15.5m penalties for PII that put 1,300 law firms at risk
Financial Conduct Authority acts against five individuals over unauthorised schemes.
-
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.
-
NewsNo grounds for PII reforms, say lenders
Solicitors Regulation Authority reviewing professional indemnity insurance and Compensation Fund arrangements.
-
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.
-
FeaturePII update: ‘soft’ options
As solicitors experience another benign insurance season, many are unhappy that the regulator has reheated proposals for reform.
-
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.
-
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.
-
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’.
-
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.
-
OpinionPII renewal: scattergun or ‘sniper’?
There must be a simpler way of completing the indemnity renewal process.
-
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.
-
FeaturePII Focus: adviser's view
Claims against solicitors are up dramatically. Learn how to be an attractive risk.