SRA thematic review results published
Concern about financial stability was one of the key issues identified in the latest thematic review by the Solicitors Regulation Authority (SRA). Whilst financial stability was seen as the biggest risk to firms undertaking conveyancing, the risk of removal from lenders panels was seen as the biggest risks for the conveyancing activities specifically. Conveyancing was […]
SRA reassures those using Balva Insurance
The Solicitors Regulation Authority (SRA) has reassured firms using Balva Insurance for their professional indemnity cover. Balva was told on 1 March that it cannot underwrite any new business in the United Kingdom. This restriction does not however affect existing policies, so the SRA has written to the 1,300 or so firms that use Balva […]
Flood insurance – No further forward in a deluge of model arguments and alternatives
With less than three months to go until the expiry of the Statement of Principles, it seems that government, MPs, insurance companies and their associations are still at loggerheads on the best way to fund and prioritise protection for vulnerable homeowners. Insurance giant Marsh unveiled an alternative model at the second Environment, Food and Rural […]