Professional indemnity (PI)
Interview: Steve Langan: Onwards and upwards
Concerned that the wider industry is dangerously out of touch when it comes to technology, servicing customers and advertising, Hiscox UK managing director Steve Langan tells Post how his firm keeps up with the times.
Solicitors offered unrated insurer carriers despite solvency concerns
Déja vu as Balva-like unrated carriers on brink of taking market.
In Series: Claims: Investigating the investigators
What will the FCA’s examination of insurers’ use of private investigators uncover – and will it affect industry efforts to combat fraud?
Balva revealed as third biggest PI insurer
Balva was named as the third biggest professional indemnity insurer in the UK market this year in the Law Society’s Insurers’ Guide 2013-2014.
Law Society’s motive behind new PI scheme called into question
Brokers doubtful scheme will mitigate threat posed by unrated insurers.
View from the Top: Do not adjust your sets
So here we go again. Nine months after offering renewal to 1300 UK law firms – and less than two years after they entered the market – an unrated insurer, with a ‘passport’ into the UK insurance market, has been forced to cease trading having been…
Indemnity Risk Solutions launches new PII offering for 2013
Indemnity Risk Solutions, an underwriting agency specialism in professional indemnity insurance for small to medium sized firms has launched its Solicitors Professional Indemnity offering for 2013.
Law Society to launch professional indemnity scheme
The Law Society is in the process of establishing a professional indemnity scheme for small firms to help them steer clear of unrated insurers.
Unrated insurer problems force SRA to reinvestigate stance on financial stability vetting
The Solicitors Regulation Authority is to re-investigate if it should introduce financial eligibility criteria following recent problems with unrated insurers including Quinn, Lemma and more recently Balva.
Biba and Kingsbridge offer PI scheme for freelancers
The British Insurance Brokers Association and Kingsbridge are offering professional indemnity cover for freelance professionals.
Tax-avoidance crackdown could see PI insurers hit with third-party claims
HMRC tax workaround enquiries focusing on individuals as well as corporations.
Editor's comment: Can insurers avoid tax trouble?
During this period of austerity, tax avoidance has turned into a major political issue, with Prime Minister David Cameron making it a key topic at the recent G8 summit of leading economies held at Lough Erne, Northern Ireland.
One Answer and THB team up for PI offering
One Answer Brokerdrive has gone into partnership with the professional and financial risks division of THB to roll out professional indemnity insurance to all of its members and their clients.
JLT Speciality extends PI relationship with AmTrust Europe
JLT Specialty and AmTrust Europe have renewed and extended their professional indemnity relationship offering both sole traders and partner firms PI cover for the 2013 renewals.
PI firms risk being sued if they continue to undervalue serious injury claims
Claims management companies reportedly targeting under-settled claims.
Balva told to appoint liquidator following FCMC investigation
Latvia’s Financial and Capital Markets Commission has withdrawn all operating licences for insurer Balva and issued a winding up order for the Riga-based firm.
Solicitors’ Professional Indemnity: Domino effect
As solicitors and the wider industry prepare for the fallout from the Balva scandal, predictions suggest some firms could fall onto the breadline. Are they right?
Consumer watchdog champions single PII scheme
A report published by the Legal Services Consumer Panel has proposed that a single professional indemnity insurance scheme and compensation scheme is launched to cover the legal services sector.
UIB extends Elite binding capacity deal
UIB has extended its binding capacity deal with legal firm Elite Insurance Company for a further 12 months.
Interview: Chris McGloin: Up for the fight
Incoming Airmic chairman Chris McGloin is about to find himself at the forefront of an organisation with a lot on its plate. As he takes the reins during Airmic’s 50th anniversary year, he explains why he’s feeling optimistic
Gallagher London gains MGAA’s preferred provider status
Gallagher London has been granted preferred provider of professional indemnity insurance status by the Managing General Agents’ Association.
Search for independent midwives PI cover at Lloyd's 'a non-starter'
Independent midwives in search of professional indemnity insurance have experienced a further setback after an attempt to track down underwriting capacity from the Lloyd’s market drew a blank.
Am Trust targets solicitors' PI market
Am Trust Europe is offering professional indemnity cover to solicitors firms of four to 10 partners for the first time after striking an exclusive deal with Howden Windsor.