Solicitors' PI renewal season expected to be tough
The 2011 renewal for solicitors’ professional indemnity (PI) cover could be a hard one for many with deteriorating claims and insurers underwriting at a macro level.
The warning came from JLT ahead of the annual 1 October renewal date for solicitors' PI.
Mike Perry, partner, JLT, commented: "The 2011 PI renewal for solicitors is expected to be difficult with deteriorating claims experience particularly in the conveyancing sector leading to limited insurance capacity.
“There is also an expectation that many insurers will be underwriting at a macro level without properly considering each firm on its merits. It is therefore vital that firms work closely with a
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