Tag Results
SRA rejects Law Society bid to extend indemnity run-off period by three years
Friday, 12 December 2014The Solicitors Regulation Authority (SRA) has rejected a proposal by the Law Society to extend the additional indemnity run-off cover provided by the Solicitors Indemnity Fund (SIF) for a further three years until 2023.
Tags: Indemnity insurance, Law Society, Solicitors Indemnity Fund, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Regulation, Solicitors
Crash, bang, wallop
Thursday, 9 December 2010We should have seen it coming, really. The last two property crashes and the wave of claims against conveyancers they brought in their wake broke the system for solicitors’ professional indemnity insurance – first the master policy and then the Solicitors Indemnity Fund – and so here we are again contemplating radical reform.
Tags: assigned risks pool, Law Society, outcomes-focused regulation, professional indemnity insurance, Solicitors Indemnity Fund, Solicitors Regulation Authority
Posted in Blog
New insurer enters market for small firms
Friday, 23 July 2010A new insurer today entered the professional indemnity market for small law firms, having taken over the run-off claims-handling function of the Solicitors Indemnity Fund.
Tags: Law Society, professional indemnity insurance, Solicitors Indemnity Fund
Posted in Indemnity insurance, News, Solicitors