Pali Backed Charity Event Surpasses Target
The recent fundraising event Pali proudly supported which Steven, husband of Jo Milne Marketing Director at Pali, participated in was a huge success.
SRA proposes to cut minimum PII cover to improve access to legal services
The Solicitors Regulation Authority (SRA) have proposed to reduce the minimum level of professional indemnity insurance.
Switching Regulator – The PI insurance implications and how Howden can help
Following the approval of The Legal Services Board in October 2017, conveyancing firms are now able to transfer their activities from Solicitors Regulation Authority (SRA) regulation to that of the Council for Licensed Conveyancers (and vice versa).
Howden’s Report on Solicitors’ Professional Indemnity Insurance Market Released
A comprehensive market update for solicitors’ professional indemnity insurance has recently been released.
Research challenges the burden of regulation
A cultural shift in attitude towards risk management may prove to be the most important driver of future law firm growth, according to research with independent law firms.
Howden publish latest edition of Pi Magazine
To read the latest edition of Pi magazine from Howden, please click the image below An influx of capital into the insurance market and competition between insurers and brokers has driven down the cost of many forms of insurance. That’s great news for insureds but the sustainability of pricing must be considered against a backdrop of […]
PII market remains steady despite Brexit uncertainty
Research has indicated that the majority of firms experienced a smooth renewal of their Professional Indemnity Insurance (PII).
The in between bit
Many firms, understandably, breathe a hefty sigh of relief once the renewal process is completed, sometimes forgetting that effective management of PI insurance is a year round process.
Reliable & Expert Indemnity Policies for Property Transactions is Vital
Searches UK are delighted to continue to offer conveyancers and solicitors with reliable and expert indemnity policies through Indemnities UK, backed by First Title Insurance plc.
Dreamvar v Mishcon De Reya: When will Professional Indemnity Insurers patience run out?
The Mishcon case is not an isolated incident. Professional Indemnity (PI) Insurers have been hit repeatedly by similar claims.
Bovis billed £7m to compensate owners of poorly-built homes
In the wake of Bovis Homes having to pay £7m in repair costs, new questions have been raised regarding the standard of new-build properties.
New tax evasion penalties for enablers
Lawyers and advisers who enable tax evasion may be subject to harsher consequences following the introduction of tougher sanctions at the start of 2017.
Builders should be advised accordingly
Home buyers from Taylor Wimpey have allegedly been failed by their conveyancing solicitors and are contemplating taking action, according to Leasehold Solutions. This is in regards to a failure of informing house buyers about the housebuilder’s policy to include 10-year doubling ground rents on leasehold properties which are newly-built. Commenting on the anger of some […]
Society of Licensed Conveyancers chooses Stewart Title as preferred supplier of title indemnity solutions
Stewart Title Ltd. is pleased to announce that the Society of Licensed Conveyancers (SLC) has selected Stewart Title as their preferred supplier of Title Indemnity products.
Data published ahead of SRA insurance consultation
The Solicitors Regulation Authority (SRA) has published analysis of professional indemnity insurance trends for law firms. The analysis will be used to inform the development of proposals for changes to minimum cover requirements. Data was collated after initial plans to alter the minimum terms and conditions were put on hold because the Legal Services Board […]
Redbrick Solutions assists firms in securing affordable indemnity insurance
Despite up to a third of firms moving their renewal date since the liberalisation of the PII market three years ago, brokers are still expecting 90% of firms to need to renew on the traditional 1 October deadline. Most firms are currently benefitting from a strong buyers’ market, with many insurers quoting 5% – 7% […]
Tiuta vs DeVilliers
Tiuta International Ltd v De Villiers Surveyors Ltd [2016] EWCA Civ 661 (01 July 2016)
Third of former Enterprise Insurance clients now on notice for lack of PI cover
A third of the former customers of a PI insurer declared insolvent by the Gibraltar Financial Services Commission are still without insurance, 28 days after the Commission made it’s ruling. The Solicitors Regulation Authority says firms previously covered by the now defunct Enterprise Insurance now without cover are on notice with individual action plans to […]
Why Wi?
Buyer expectations and seller limitations can be bridged using Warranty and Indemnity insurance
PI before you buy
Don’t leave yourself without adequate cover during the excitement of a transaction