Indemnity insurance


SRA gives up on major indemnity insurance reform

19 December 2019

The Solicitors Regulation Authority has ended a controversial five-year project to reform the professional indemnity insurance regime, meaning the minimum level of cover will not be cut to £500,000.


Supreme Court backs miner’s claim against solicitors

20 November 2019

A miner who lost the chance of compensation due to the negligence of his solicitors is entitled to damages because later evidence indicating that he was not eligible was irrelevant, the Supreme Court has ruled.


Boxer’s banker fails in negligence claim against lawyers

18 November 2019

A solicitor, his law firm and the barrister they instructed have been granted summary judgment on a negligence claim brought against them by a banker fired for his work with boxer David Haye.


SIF rule could be “catastrophic” for retired solicitors

20 September 2019

Refusal by the Solicitors Indemnity Fund to accept notifications of potential claims could be “catastrophic” for retired solicitors, a specialist in professional regulation and insurance has warned.


Solicitors “must think about run-off cover” ahead of SIF closing

15 August 2019

Partners and fee-earners in law firms which have closed should give “careful thought” to buying additional run-off cover to protect them when the Solicitors Indemnity Fund closes next year.


Court strikes out “incomprehensible” claim against law firm

1 August 2019

The High Court has struck out a claim for professional negligence, breach of contract and fiduciary duty made against a central London law firm which was based on “incomprehensible pleadings”.


PII reform views “evolving” due to market changes

21 June 2019

There are powerful reasons why the SRA and Law Society could reverse their positions respectively in favour of and against reform of professional indemnity insurance, it has been claimed.


New indemnity insurer offers rewards for well-behaved firms

18 June 2019

A new professional indemnity insurer is claiming to be the first to offer well-run law firms “direct financial rewards” – such as a full premium rebate in a firm’s fourth year if it remained claims-free.


PII market “hardening” but cover still available for savvy firms

11 June 2019

The professional indemnity insurance is challenging for renewals this year, but firms can help persuade jittery underwriters of their case for cover by showing that they have taken steps to mitigate risk.


Gateley found negligent over redevelopment agreement

29 May 2019

The High Court has found national law firm Gateley negligent in its advice to the owner of land in Nottingham that led to him missing out on some of the profits from its redevelopment.


Leading firm held liable for asbestos case blunder

1 May 2019

The High Court has ordered Cardiff-based Hugh James to pay six-figure damages to the family of an asbestos victim for professional negligence in abandoning their personal injury claim.


Claim over solicitors’ negligence fails to establish loss of chance

29 April 2019

A married couple has largely failed in a claim of negligence against a firm of solicitors which had admitted that it failed to advise properly on a separate negligence case against another law firm.


High Court clears law firms over “fraudulent” property transfers

25 April 2019

The High Court has thrown out a claim that two law firms and three solicitors were responsible for two allegedly fraudulent transfers of a property.


Law firm has “no real prospect” of defending £5.2m claim

16 April 2019

A London law firm has “no real prospect” of defending a £5.2m breach of trust claim brought against it following a London property deal, the High Court has ruled.


Insurers “not interested in backing freelance solicitors”

11 April 2019

An expert in law firm regulation has said he does not know a single insurer interested in providing indemnity insurance to freelance solicitors, a concern echoed by the Law Society.

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