Indemnity insurance


Regulator intervenes over concern about “PII market failure”

5 July 2021

The Council for Licensed Conveyancers has had to intervene after two professional indemnity insurers offered firms cover that did not comply with its minimum terms.


Licensed conveyancers review insurance scheme as market hardens

23 June 2021

The Council for Licensed Conveyancers has announced a review of its professional indemnity insurance arrangements in light of a hardening market for cover.


Supreme Court lays out “new legal roadmap” for professional negligence

22 June 2021

The Supreme Court has provided a “wholly new legal roadmap” for professional negligence after its ruling last week in two linked cases, the Professional Negligence Lawyers Association has said.


SRA keeps SIF open in face of hardening insurance market

15 June 2021

A hardening indemnity insurance market and pressure from the Law Society have persuaded the Solicitors Regulation Authority to keep the Solicitors Indemnity Fund open for a further year.


Law firms faced major premium rises in spring PII renewal season

7 June 2021

The spring renewal season saw law firms pay a lot more for their PII, with the surge in conveyancing work a concern and contentious probate an increasing problem.


Surrey firm ordered to pay £800k for property negligence

20 May 2021

A Surrey law firm has been ordered to pay more than £800,000 in damages for negligence after failing to tell its client that part of a property he thought he had bought had been retained by the seller.


Sloppy law firms “using Covid as excuse” for regulatory shortcomings

20 May 2021

Law firms are using the pandemic as “an excuse” for failing to do things and this could lead to questions from their regulator, an accountant specialising in Solicitors Accounts Rules audits has warned.


Firm sued over ground rent that doubles every five years

7 May 2021

A West Midlands law firm is being sued by a client who claims it failed to tell of a “ridiculous” ground rent that doubles every five years – meaning she will be paying £1m a year in 50 years.


Owners of closed law firms told: Find extra run-off cover – if you can

19 April 2021

Owners of law firms that closed down in the last 20 years have been warned that they face a difficult task in finding insurance to replace the automatic supplementary run-off cover that ends later this year.


SRA backs new cyber-losses clause for indemnity policies

14 April 2021

The extent to which losses caused by cyber attacks are covered by law firms’ professional indemnity insurance policies is to be clarified by the Solicitors Regulation Authority.

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