Tag Results
Insurers to explain risk factors as more evidence of discrimination surfaces
Thursday, 25 November 2010Professional indemnity insurers are to provide guidance for solicitors on the way the risk they pose is assessed as part of a push to ensure there is no discrimination in the renewal process. Following a meeting called by the Equality and Human Rights Commission, the Association of British Insurers also agreed to work with its members to review their proposal forms and the underpinning criteria used to assess risk, and review and report on the equality and diversity work undertaken by their members.
Tags: Association of British Insurers, equality and diversity, Financial Services Authority, Law Society, professional indemnity insurance, Solicitors Regulation Authority
Posted in Indemnity insurance, News, Solicitors
383 firms still in the ARP as insurers strongly back indemnity reform plan
Friday, 29 October 2010There are 383 law firms currently in the assigned risks pool, the Solicitors Regulation Authority has revealed. The news comes as the Association of British Insurers (ABI) gave a strong welcome to an independent report on the need for reform of professional indemnity insurance, saying the market can no longer tolerate periodic crises caused by a combination of “poorly enforced regulation and restrictive policy requirements”.
Tags: ARP, assigned risks pool, Association of British Insurers, professional indemnity insurance, Solicitors Regulation Authority
Posted in Indemnity insurance, News, Solicitors
Law Society calls in Equality Commission to bring indemnity insurers into line
Friday, 24 September 2010The Equality and Human Rights Commission is host a meeting between the Law Society, black and minority ethnic solicitors, and professional indemnity insurers in a bid to agree a plan of action to improve insurers’ equality practices. It was called in after the Law Society judged insurers’ response to examples of alleged discrimination in the 2009 renewal process to be “wholly inadequate”.
Tags: Association of British Insurers, equality and diversity, Law Society, professional indemnity insurance, Solicitors Regulation Authority
Posted in Indemnity insurance, News, Solicitors