Archive | September, 2010

PI insurance providers urged to aid economic recovery

Professional indemnity insurance providers across the UK have been urged to aid in the economic recovery efforts by taking more serious steps to provide more adequate cover and reduce red tape.

Law society to launch new professional indemnity facility

The Law Society recently revealed their intentions to unveil a new facility designed to aid law firms currently facing an uphill struggle to renew their professional indemnity cover.

SRA consults on ways to resolve the professional indemnity insurance crisis

The Solicitors Regulation Authority has been feeling the heat recently in regards to the way the solicitors’ professional indemnity market handled as the renewal date of October 1 looms ever closer on the calendar.

PI insurance advisers face due diligence concerns

Thanks to recently released research figures delineating the problem, the majority of advisers have expressed concern in their ability to demonstrate ongoing and initial due diligence in their recommendation efforts regarding professional indemnity insurance claims by their clients.

New low cost professional indemnity insurance now available

In a recently publicised announcement, Qdos Consulting and Advantage Accounts have banded together and joined forces in order to more easily provide low cost, reliable professional indemnity insurance for contractors and freelancers.

Man using falsified public liability insurance documents fined

A man found to be using falsified public liability insurance documents has been issued a fine and had his 36 week prison sentence suspended as a result of an employee suffering a serious injury during a wedding reception in 2009.

St Mary Underwriting launches new professional indemnity insurance facility

St Mary Underwriting recently announced the launch of its new facility especially tailored to professional indemnity insurance for solicitors in smaller and medium-sized solicitor firms.

PI insurance provider Tenet provides for former appointed representatives

PI insurance provider Tenet has recently announced the inception of a new scheme that will provide its formerly appointed representatives cover.

European PI insurance provider and reinsurer Glacier Re announces new appointments

European PI insurance and reinsurance provider Glacier Re has recently announced the new immediate appointment of Mr Andreas Zdrenyk in order to fill the newly-vacated positions of both chief operating officer and additionally chief financial officer of the insurance group.

AXA Insurance to flee town after row

A town in Kent is facing the departure of one of its biggest sources of employment after an indemnity insurance provider has declared it will relocate due to the row they recently had with the borough council in regards to an office space dispute.