Solicitors' PI: Uncertainty ahead
Most law firms will seek renewal of their professional indemnity insurance this autumn, although an estimated one-third will renew their PII away from 1 October. The announcement that unrated insurer Enterprise has stopped writing new business leaves the field to rated insurers. This year, the market is marked by uncertainty, be it around aggregation of claims, Brexit or anti-fraud recommendations, to name but a few.
Recent changes include amendment of the minimum terms and conditions by the Solicitors Regulation Authority. Effective from 12 August, this brings law firms into line with additional duties imposed by
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