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GMAC loses case against surveyor’s negligence claim

The number of cases brought against surveyors of property for negligence allegedly caused during the property boom era has increased markedly over the last few years but not all of them are successful

PI Insurance providers scale back IFA cover

Many professional indemnity insurance providers have begun to not only scale back the amount of business liability insurance cover they offer to IFAs but have even begun to refuse cover altogether, citing concerns over recent investment failures.

Cosmetic surgeons sued more often than for general surgery

The rising cost of legal action due to cosmetic surgery that has gone wrong is forcing anybody who is connected with the surgery to ensure they are properly covered by sufficient PI insurance.

Professional indemnity insurers cut back on dodgy IFA business

The outcomes from current investment disasters have persuaded professional indemnity insurance providers to place restraints on the cover they offer to financial advisers.

FSA seeks PII details from advisers to Arch Cru

In a move that appears to have raised a few hackles amongst the IFA’s, the City’s financial watchdog, the FSA, has asked those advisers that might have had liability in respect to the failure of CF Arch Cru Ltd to provide details of their professional indemnity insurance policies.

Countrywide faces unprecedented negligence litigation

Countrywide, the UK’s largest residential property broker, faced at least 38 cases of litigation against it last year alone for negligence related to surveying of properties in the housing boom era.

Elite Insurance enters indemnity insurance market

One after-the-event insurer and legal expenses provider has changed its mind recently by announcing it will enter the professional indemnity insurance market in 2012.

Heir searches need insurance cover

PK Underground UK recently reported that insurance companies have indicated that there has been an increase in claims from inheritors of estates who have not been found when research for potential heirs have been conducted.

New PI insurance app available to professionals and tradesmen on smartphones

An innovative new smartphone application specifically designed to secure professional indemnity insurance at the click of a button has been launched by an insurance broker recently and seems sure to gain ready approval by professionals and tradesmen.

Law Society calls for insurers to share liability claims on a fifty fifty basis

The Law Society is going to call on insurers to share liability for claims in the coming year on a fifty fifty basis rather than continue the scheme which is in place currently, which appears to penalise law firms unfairly.