Farewell to the pool
The Assigned Risk Pool will eventually close in 2013, but entrants to the solicitors’ PI market are already trying to exploit this
The solicitors’ professional indemnity (PI) sector has grappled with the uncertainty of reform as the penultimate blanket renewal deadline fast approaches.
First announced in April this year, the Solicitors’ Regulation Authority’s (SRA) set of reforms were not well received by PI stalwarts Zurich and Chartis with both companies claiming the changes were too little too late and would lead to the demise of many small law firms.
The Assigned Risk Pool (ARP) will eventually pass away in 2013 but at
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