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Professional indemnity insurance (PII) (Mar24)
Approximately a third of law firms in England & Wales renew their insurance on 1 April 2024. We have advised...
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Professional indemnity insurance (PII) (Jan24)
In Axis Specialty Europe v Discovery Land Company LLC and others [2024] EWCA Civ 7 the Court of Appeal has...
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Professional indemnity insurance (PII) and successor practices (Nov23)
PII and successor practice issues under the SRA Minimum Terms and Conditions (MTC) have focused minds for those seeking to...
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Axiom Ince Ltd (Nov23)
The firm’s collapse and the disappearance of an estimated £64m client money has attracted much press interest. While possible criminal...
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Professional indemnity insurance (PII) (Sep23)
Approximately two thirds of solicitors in England & Wales will be renewing their insurance on 1 October 2023 and there...
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Professional liability and indemnity insurance (Jul23)
Two decades after the landmark decision in Royal Bank of Scotland Plc v Etridge [2001] UKHL 44, an article by...
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Professional indemnity insurance (Mar23)
We have advised many firms on making block notifications to their insurers of circumstances which may give rise to claims...
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Professional indemnity insurance (Jan23)
Our November 2022 Risk Update reported on the important decision in Royal & Sun Alliance Insurance Ltd [2022] EWHC 2589...
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Professional indemnity insurance (PII) – and Solicitors Indemnity Fund (SIF) (Nov22)
Over the years we have acted for solicitors against insurers for cover against claims for reimbursement of fees received which...
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Professional indemnity insurance (PII) and Solicitors Indemnity Fund (SIF) (Sep22)
The Supreme Court has refused insurers’ application for permission to appeal the decision in Baines v Dixon Coles & Gill...
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Professional indemnity insurance: Why insurers fail and other coverage problems (Jul22)
It is now some years since we experienced the carnage of solicitors’ professional indemnity insurers failing between 2010 and 2018,...
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Insurance and Solicitors Indemnity Fund (SIF) (May22)
SIF provides cover of £1 million per claim for solicitors upon expiry of the six year compulsory run off cover...
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Professional indemnity insurance (Mar22)
We have commented in previous issues on the number of coverage issues we encounter, despite the breadth of cover which...
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Limiting liability and SRA enforcement action (Jan22)
We published an article following a Solicitors Disciplinary Tribunal decision in which it appeared that solicitors had been successfully prosecuted...
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Professional indemnity insurance (PII): the future of Solicitors Indemnity Fund (SIF) (Jan22)
SIF protects clients, lawyers and their staff against claims made after the expiry of the compulsory six years’ run off...
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Professional Indemnity Insurance (PII) (Sep21)
The breadth and extent of cover under the Solicitors Regulation Authority (SRA) Minimum Terms and Conditions (MTC) continues to attract...
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Professional indemnity insurance (Jul 21)
Solicitors Indemnity Fund (SIF) continues to provide cover in limited circumstances; these include run off cover for solicitors’ practices after...
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Solicitors Indemnity Fund – Fourteen months to find a solution
Frank Maher shares his views on the Solicitors Indemnity Fund. See here.
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Professional indemnity insurance: cyber exclusion (May21)
The SRA is consulting on a cyber exclusion clause to be added to the Minimum Terms and Conditions of PII....
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Professional indemnity insurance (Mar21)
Many firms have already encountered a harder market when obtaining cover with not only significant increases in premiums and excesses,...
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Professional indemnity insurance and ‘silent cyber’ (Jan 21)
‘Silent cyber’ cover is the provision, of cover for cyber risks in insurance policies which neither expressly include or exclude...
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Professional indemnity Insurance (Nov20)
Aggregation, under which multiple claims from (broadly) similar causes may be subject to a single policy limit, is a significant...
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Limitation of liability (Nov20)
Two issues arise – Protecting the firm and partner assets in the face of resistance from clients and third party...
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Professional indemnity insurance (PII) Sep20
Many firms will be experiencing a more expensive renewal of their PII, with more probing questions from insurers than before, ...
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Professional indemnity insurance (Jul 2020)
The SRA has extended the life of the Solicitors Indemnity Fund for a further 12 months, to September 2021, providing...
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Professional indemnity insurance (May 2020)
We are advising on coverage (and disciplinary) issues in several cases arising from failed buyer-funded development schemes where the sums...
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Professional Indemnity Insurance (Jan20)
We were pleased by the SRA’s announcement (see www.legalrisk.co.uk/News) that it has dropped its plans to reduce the level and...
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Professional indemnity insurance (Jan18)
The SRA is continuing to review the Minimum Terms and Conditions (MTC) but the results of its work are still...
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Demolition job: SRA Consultation on Professional indemnity insurance (PII) (Mar18)
The Solicitors Regulation Authority (SRA) has launched its latest consultation aimed at reducing the level and breadth of compulsory minimum...
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PII Consultation: how to avoid nightmares like Dreamvar (May18)
The SRA’s consultation on Professional Indemnity insurance (PII) and the Compensation Fund closes on 15 June 2018. https://goo.gl/DreQc3. They may...
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Professional indemnity insurance (Jul18)
The majority of solicitors in England & Wales still renew their insurance on 1 October. With possible changes in the...
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Professional Indemnity Insurance (Sep18)
There are very many large, multiple claims or potential claims arising from failed investment schemes, including hotels and student accommodation,...
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Professional indemnity insurance (Jan 19)
We are beginning to see signs of a hardening of the market, with some firms finding it difficult or impossible...
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Professional Indemnity Insurance
It has appeared until recently that the SRA was doggedly determined to press ahead with reductions in the limits and...
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Professional regulation
The SRA’s proposal to allow solicitors to work in unregulated businesses has been approved by the Legal Services Board. A...
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Anti-money laundering (AML)
We are advising many firms on their firmwide risk assessments, policies, controls and procedures, and audit. We commented in recent...
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