Blog: Mishcon ruling won't set solicitors' PI premiums rising
In the often challenging world of solicitors' professional indemnity insurance, the conveyancing field has long held a high-risk reputation due to its propensity for claims generation. Now a new lawsuit has hit the headlines, with the controversial outcome prompting widespread predictions of a dramatic rise in PI premiums. But are these forecasts of dramatic fallout accurate or overblown?
The case of Dreamvar v Mishcon de Reya and Mary Monson Solicitors centres on a fraudulent property deal and certainly caught the attention of both the media and professional indemnity underwriters. In
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