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SRA says indemnity insurance payments up by 20%

According to recent comments from the Solicitors’ Regulation Authority, indemnity insurance payments made by legal firms on their professional liability insurance policies have increased by 20 per cent for the 2011-2012 financial year.

Indemnity insurance broker sees increase in activity

One indemnity insurance broker reports that the number of solicitor firms placing their professional liability insurance business through them increased for this renewal season, which ended on October 1.

Indemnity insurance market lobbying for radical reforms

The indemnity insurance market has been lobbying for radical reforms to professional liability insurance for solicitor firms, claiming that the current methods are unnecessarily escalating the cost of cover for all solicitor firms.

Allianz experiences combined written ratio depreciation

One business insurance company recently reported its first half of 2011 results, finding a slight depreciation of their combined written ratio to 96.2 per cent.

Insurer and underwriter team up to provide indemnity insurance

One business liability insurance provider has recently announced it has teamed up with an underwriting specialist in order to provide indemnity insurance to law firms in need.

Canopius Group establishes retail commercial insurance division

One underwriting business specialising in insurance and reinsurance has recently announced the establishment of a retail commercial insurance business division in the UK.

Indemnity insurance premiums will not rise, says the FSA

UK regulator the Financial Services Authority recently stated that despite the new Financial Ombudsman limit being raised from £100,000 to £150,000 , indemnity insurance premiums will not be likely to increase.

IFAs to see their Indemnity Insurance premiums rocket

After one Court of Appeal ruling that issued a revocation of trustees’ ability to reverse poor tax decisions, IFAs may soon experience a hike in their indemnity insurance premiums.

Professional liability insurance questioned in Ireland

The fate of professional liability insurance in general as well as the future of one of the country’s main providers of professional indemnity insurance is on the agenda for a special meeting of Ireland’s Law Society council.

Protect your business in these uncertain times

Manufacturers have recently been urged to protect their businesses in these uncertain times by ensuring that they have proper levels of commercial insurance cover in the event of an unforeseen occurrence.