AmTrust-insured solicitors prepare for significant CML Handbook amendments

Print This Post

20 November 2014


Legal risk experts Lexsure will be giving conveyancers with AmTrust PI insurance an exclusive sneak-preview of the most extensive set of Handbook changes in twelve years.

The Council of Mortgage Lenders have notified Lexsure that they intend to publish important amendments to the CML Lenders’ Handbook for England and Wales on 1 December. The changes represent the largest number of amendments made to part 1 of the Handbook since its latest edition was published in 2002. In all, 33 sections, more than 10 % of the Handbook will be amended.

Lexsure approached strategic partners AmTrust Europe Limited, an ‘A’ rated insurance company, to offer webinar sessions for firms with AmTrust professional indemnity insurance policies. AmTrust, together with its brokers Howden and JLT Specialty, reacted promptly, and a series of exclusive webinars will take place in late November for the insurer’s client law firms.

The live 40 minute webinars, including Q&A, will be hosted by Lexsure chief executive and experienced conveyancer Simon Seaton. They are designed to help law firms gain an insight into the forthcoming changes and enjoy the benefits of dedicated, expert training on the issues raised.

Russell Newell of AmTrust commented, “CML requirements are not guidelines; they are instructions from a conveyancer’s most important client – the lender who funds most purchases. With those instructions about to change in the lead-up to one of busiest times of the year for conveyancers, we wanted to help our law firms reduce the risk of missing these important changes. We are urging our firms to attend the webinars later this month.”

Simon Seaton, CEO of Lexsure, commented, “We are grateful to the CML who continue to be very helpful in preparing us for major changes. AmTrust have been a great supporter of our risk management technologies and we are pleased that they are proactively assisting in putting on webinars to bring to the attention of lawyers the CML Handbook changes.”

Places at the webinars are limited to firms who are insured with AmTrust and bookings can be made at http://www.completionmonitor.com/december-1st-cml-changes-howden or http://www.completionmonitor.com/december-1st-cml-changes-jlt/.

 



Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate



Legal Futures Blog

The skills shortage in law firms is the biggest threat to handling cybercrime

CLC Roundtable discussion at Malmaison Hotel, Charterhouse Square

The skills shortage in our businesses is the biggest threat to our industry when looking at cybercrime. Cybercriminals are not just after money but are looking for sensitive information too, so the legal services sector is an obvious target. In the last year we have had reports of around £7m of client money being lost to such crime. This is not an IT issue and it should not be left to the IT teams to sort out. It is a high-level responsibility and a board-level issue that must be taken seriously. We suspect that we will look back on 2016 and ask why we didn’t respond quicker.

March 21st, 2017