Professional indemnity (PI)
Cryonics: premium on immortality?
The world of cryonics, and the freezing of human tissue, is proving a tricky one for the insurance industry.
Zurich loses court case due to 'ambiguous' policy wording
Zurich has lost a court case against Maccaferri Limited on the grounds that its notification clause wording was too ‘ambiguous’.
Tailored policies and cyber set to influence market in 2017
Tailored insurance for new professions, cyber policies for SMEs, and the FCA’s consultation on the Financial Services Compensation Scheme are three key trends expected to influence the insurance market over 2017.
FSCS levy may rise for brokers that use unrated insurers
The financial services watchdog could make brokers that deal with unrated insurers pay a higher levy to the Financial Services Compensation Scheme.
FCA finds brokers are potentially underinsured
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DWF merges with law firm C & H Jefferson
Legal business DWF is to merge with Belfast-based law firm C & H Jefferson.
2016: a momentous year for insurance law
Insurance contract law has seen a huge amount of radical change over the past 12 months.
LMG adds three new lines to PPL
Three new lines of business will launch on the London Market electronic placing platform PPL on Monday.
Towergate renames London broking business
Towergate has renamed its London Market broking business as Bishopsgate.
Markel enters marine PI market with Galleon deal
Markel International has acquired specialist marine MGA Galleon for an undisclosed sum.
The gig economy needs cover as flexible as it is
In the good old days, the point where work ended and leisure began was obvious. Home and office were clearly defined spaces, and uniforms, working hours and management structures all helped to reinforce these boundaries. But those days have gone and in…
Verdict still to be reached on AIG professional indemnity case
A professional indemnity case between AIG Europe and private investors opened proceedings today.
Pricing under pressure in warranty and indemnity as new entrants target market
With 2015 the biggest ever year for mergers and acquisitions globally, demand for warranty and indemnity insurance is rising rapidly.
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…
Hiscox pledges to pay out in full on fair representation of risk cases under Insurance Act
Hiscox Insurance Company has made a pledge to pay claims in full to claimants that neither deliberately nor recklessly fail to make a fair representation of a risk under Insurance Act 2015.
Innovation lessons insurers can take from lawyers
Insurers and lawyers don’t have a reputation of tech-savvy trailblazers. Yet some of them have adopted new technologies, including artificial intelligence. So, what works and what doesn’t?
Over a third of firms rate service as most important factor when buying PI insurance
Over a third of professional firms rate service as the most important factor in selecting professional indemnity insurance, a survey from Brunel Professional Risks has found.
Antares launches treaty casualty and appoints Everest's Jarman to head offering
Antares has launched its casualty treaty offering with the appointment of Neil Jarman as casualty treaty officer.
Towergate raids Dual for regional head Joyce to run new 'go to' specialty unit
Towergate Underwriting has recruited Dual Corporate Risks' regional boss Martin Joyce to lead a newly formed specialty business.
Digital start-ups: Ready to launch
With a new start-up being founded every minute in the UK, the insurance industry has to meet the needs of this new breed of client.
Solicitors' PI: Unrated insurers – is it the long goodbye?
They may be dwindling in number, but no one knows if the end of unrated insurers in the solicitors' professional indemnity market is near
Stackhouse Poland acquires specialist PI broker for undisclosed sum
Stackhouse Poland has completed the acquisition of specialist professional indemnity broker Chris Frost Insurance Services as it looks to grow both organically and through acquiring ‘like-minded’ firms.
Legal Update: Take care over CFA transfers
Transferring a PI claim to another law firm could be bad news for the claimant as this recent case shows, but also, most welcome for insurers, argue Joanne Staphnill and Abigail Taylor
Century Underwriting launches professions division
Managing general agent Century Underwriting has launched a professional indemnity and directors' and officers' service in partnership with insurer Arch.