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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
Blog
The lonely role of a COFA: sharing the burden of risk management
Compliance officers for finance and administration in law firms can often find themselves walking a solitary path. But what if we could create a collaborative culture of shared accountability?
Mind the (justice) gap: Why are RTAs going up but claims still down?
The gap between the number of road traffic accident injuries and the number of motor injury claims continues to widen, according to the latest government data.
Five key issues to consider when adopting an AI-based legal tech
As generative AI starts to play a bigger role in our working lives, there are some key issues that your law firm needs to consider when adopting an AI-based legal tech.
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