The shortfall of the law.

Most recent media attention on the solicitors' professional indemnity
(PI) market has focused on the possibility that the Solicitors' Indemnity
Fund (SIF) could fold, creating opportunities for brokers to place
business in the open market. While there is much speculation about this,
it is not a foregone conclusion and certainly would not happen

At present, all 9500 firms of solicitors in England and Wales are obliged
to receive up to their first £1m of cover via SIF and use the open

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