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ARP firms “fail to pay £5.8m of premiums”
Thursday, 15 April 2010Law firms currently in the assigned risk pool (ARP) have paid just 22% of their insurance premiums, while insurers are rapidly increasing the reserve for claims these firms may cause, it has emerged. The 262 firms currently in the ARP were liable for £7.5 million in premiums – both record figures – of which just £1.7 million has been paid.
Tags: assigned risks pool, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Solicitors