Reportage - solicitors' PI: The domino effect

domino-effect

On 1 October the playground taunt "pinch, punch first of the month" will be painfully apt for a record number of solicitors. Quinn's much publicised exit from the professional indemnity (PI) market has left 2,911 of the UK's 10,000 law firms hungrily searching for a new insurer in a market with an extremely limited appetite. Hiscox and Catlin have thrown in the towel while Zurich, which previously had a 13% share of the market, has shut its doors to new business. Solicitors that fail to secure P