Tag Archives: SRA

Solicitor’s PII Update: What’s this Insurance Act stuff all about?

The basis of disclosure in insurance contracts has basically remained unchanged for around 100 years, however on 12th August 2016 the Insurance Act 2015 will introduce changes in this area. The Act’s new regime will require all proposers to make a “fair presentation of risk” to their prospective insurers rather than the current common law […]

“Isn’t It Ironic?”

No, not the wonderful Alanis Morissette song, but the state of the solicitors’ PII market. Today we hear of another unrated insurer leaving the solicitors’ PII market. This time it is Gibraltar based “Elite”. Having entered the market in 2012, Elite now say premiums are too low to be profitable. The irony isn’t lost on […]

So far, so good.

  As the holiday season nears an end, so the temperature rises in the annual round of solicitors’ PII renewals. And so far, so good.  All our existing clients have completed the arduous task of completing the annual proposal form and so the ball is firmly in our court to negotiate the right terms with […]