Indemnity insurance


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.


Negligence claim against Irwin Mitchell thrown out after assignment

13 April 2021

National law firm Irwin Mitchell has been granted summary judgment in a professional negligence claim because the retainer prevented its former client assigning his cause of action.


Renewing your PII this spring? Here’s what you need to know

22 February 2021

Since abolition of the common renewal date, practices have been free to choose when to renew their professional indemnity insurance. We estimate that around 30-40% now renew between March and April.


Law firm ordered to pay £1m for registration error

15 February 2021

The High Court has ordered a defunct Manchester law firm which failed to register a restriction against a house at the Land Registry to pay over £985,000 in damages for negligence.


DLA fails in effort to stay €12m negligence claim

12 February 2021

A High Court judge has refused international firm DLA Piper’s request to stay a €12m professional negligence claim brought against it by a Russian cruise ship company.


Veteran solicitor practised without insurance

19 January 2021

A sole practitioner in his 70s has been struck off after practising for over six months without professional indemnity insurance, despite telling others he had cover.


High Court rejects “unmeritorious claim” against barrister

15 January 2021

The High Court has rejected an “unmeritorious” negligence claim against a barrister brought by a former law lecturer acting as a litigant in person.


Law firm recoups 40% of negligence payout from barrister

13 January 2021

A law firm that settled a negligence claim is entitled to recoup some of what it paid from the counsel it instructed, even though proceedings against him were dropped, the High Court has ruled.


Barrister “of good judgement” was not negligent over client’s conviction

2 December 2020

A barrister of “good judgement” who had to make rapid decisions in a “pressurised environment” was not negligent even though it turned out her client was wrongly convicted.


PII market “only getting harder” after 17% premium increase

23 November 2020

The market for professional indemnity insurance is likely to continue to worsen but future premium rises should not be at the average of 17% seen this autumn, a leading broker has predicted.


No implied retainer between law firm and businessman

18 November 2020

There was no implied retainer between a businessman who found himself on the wrong end of an expensive short-term loan and the law firm acting for the lender, the High Court has ruled.


Insurer fails in aggregation argument over partner’s multi-million pound thefts

4 November 2020

The High Court has refused to aggregate as one claim various actions a Yorkshire law firm’s indemnity insurer is facing because of a multi-million pound fraud run by one of its partners.


Negligent conveyancers cannot dodge liability because of fraud

30 October 2020

Negligent conveyancers should not be able to avoid liability because it emerges later that their client was engaged in mortgage fraud, the Supreme Court has ruled.


Law Society’s “sympathy” with indemnity insurers’ frustrations

17 September 2020

The Law Society has expressed sympathy with professional indemnity insurers over their call for the right to cancel policies when solicitors do not pay the premium or excess.


PII underwriters warn solicitors after failing to change terms

3 September 2020

Indemnity insurers have warned solicitors that they will suffer the consequences of their regulator maintaining that policies cannot be cancelled for non-payment of premiums or excesses.

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Reports


Report Cover
Our latest special report, produced in association with Temple Legal Protection, looks at the role of after-the-event (ATE) insurance in commercial litigation post-LASPO.