Solicitors Regulation Authority to close ARP loophole
According to The Insurance Times, the Solicitors Regulation Authority (SRA) have scrapped their recently redrafted version of the Qualifying Insurers’ Agreement for Professional Indemnity Insurance following complaints that some insurers were unfairly “under-declaring” Assigned Risks Pool (ARP) contributions. If a solicitors firm is unable to obtain insurance in the open market they are, for a […]
Marsh says small law firms face another challenging PI renewal season
Whilst many professional indemnity insurance companies are running for the hills when it comes to small solicitor firms Marsh believes it has identified and partnered with two that want to insure them. Marsh has issued a statement saying “Small legal practices are bracing themselves for another challenging renewal season for solicitors’ professional indemnity (PI) insurance, […]
E-petition for the immediate suspension of stamp duty
Paul Hajek a solicitor with Clutton Cox and one of the most active conveyancers using social media to promote his business has used his skills to launch an e-petition to kick start housing activity. We all know that the volume of transactions in the market are significantly below the long term trend with the number […]