What will green light for inducements mean for conveyancing?
The Solicitors Regulation Authority has rejected calls to ban solicitors from offering cash or gift inducements to potential clients. The regulator has said there was no evidence to suggest clients are harmed by law firms offering advance payments for their cases. Claims management companies have been barred from offering inducements by Ministry of Justice rules […]
DEFRA and Association of British Insurers agree flood insurance deal
A new industry-backed levy will enable insurance companies to cover those at the greatest risk of flooding. All UK household insurers will have to pay into this pool, creating a fund that can be used to pay claims for people in high-risk homes. The deal reached between DEFRA and the Association of British Insurers (ABI) […]
SRA reviewing professional indemnity insurance situation
On the back of several months of issues, the Solicitors Regulation Authority (SRA) is reviewing the risk to clients when a firm’s professional indemnity insurer gets into financial difficulties. Currently, to provide PII an insurer must be authorised by the Prudential Regulation Authority (PRA) or be an EEA insurer eligable to write insurance business in […]
More open data available from Land Registry
The Land Registry has now made historical price paid records available to download for free as part of its open data programme. Developers and businesses will be able to use and reuse one of the world’s largest property datasets, made up of over 17 million residential cash and mortgage sales in England and Wales. The […]