All PII articles – Page 9
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NewsCost no longer top priority in PII renewal, survey finds
Law Society report shows that most firms regard their relationship with insurers as most important factor in choosing cover.
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NewsRegulator names firms in PII probe
Two firms should have closed last year because they did not have a valid insurance policy.
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NewsIndemnity insurer liable for disbursement loans
AIG to pay out almost £1m after appeal court rules loans to cover disbursements are not exempt from indemnity conditions.
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NewsBig fall in firms not renewing PII
Regulator reveals that 49 firms entered the cessation period after not renewing their insurance last year.
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OpinionThe legal year ahead
Alternative business structures? Mergers? Professional indemnity insurance? What will be the hot topics in 2015?
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NewsSolicitors PII broker collapsed after insurer failure
Administrators outline troubled year created ‘reputational damage’ at Bar Professions.
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NewsSRA ready to contact uninsured firms again
Chief executive Paul Philip said the SRA has now reassessed the data and will contact firms next week.
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NewsLSB declines to cut minimum PII cover
Oversight regulator sticks with current minimum of £2m and £3m for incorporated firms and LLPs.
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NewsLoan options created for WIP income
Company says it can offer unlimited funding to law firms across the country.
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NewsMcKenzie friends body lays down law
New trade association for McKenzie friends wants all members to be insured and meet minimum standards of qualification and experience.
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NewsHundreds of firms given PII false alarm
Regulator blames poor data from insurers as it informs firms - incorrectly - that they may be entering cessation period.
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NewsFirms face 10% PII hike – broker
Conveyancing practices are bearing the brunt of an expensive and chaotic renewal season.
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NewsFormer partners fined for ‘orderly wind-down’ failings
A J Bond & Co closed on 29 December but continued to hold client files and monies after that date.
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NewsRegulator stands firm on £500,000 PII cover plan
SRA chief executive Paul Philip reiterates that his organisation is responding to calls for reform.
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NewsSociety: don’t delay PII renewal
Around 95% of firms are expected to be working to the 1 October deadline.
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NewsSRA concedes defeat on PII change this year
Regulator accepts it cannot change minimum terms in time for this year’s renewal period.
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OpinionRegulator is bewitched by insurance mirage
Before stepping out into the unknown, perhaps the SRA should check the forecast.
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NewsPII decision held for up to 90 days
LSB had an initial 28-day period to assess the proposals, but the organisation has now extended that deadline.
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NewsProfessions line up to oppose PII reforms
LSB warned that premium savings will be minimal and lenders will cull conveyancing panels.
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NewsNationwide warns firms tempted by lower cover
Building society indicates that it will continue to require the current £2m minimum PII cover, despite SRA plans.