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.
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.
One of the largest business insurance brokers in the UK recently announced it will be partnering with an insurance comparison site in order to provided a fully tailored and integrated service for small business insurance policyholders.
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.
Commercial insurance firms, banks, and other financial service providers in the UK have pledged emergency support to Brits that have been affected by the recent riots that have disrupted the country, industry experts report.
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.
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.
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.
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.
One indemnity insurance provider has recently announced it has come to an agreement in the acquisition of a registered Lloyd’s broker.