RSA loses clients over Y2K.
Royal & SunAlliance has been forced to pull out of the professional indemnity market for chartered a...
Royal & SunAlliance has been forced to pull out of the professionalindemnity market for chartered accountants following its decision to apply
strict millennium exclusions to its policies.
These exclusions are contrary to the standards imposed by the chartered
accountants institutes of England, Scotland and Ireland, which stipulate
that all insurers listed with them can only apply year 2000 exclusions to
policies after "due underwriting consideration".
Such consideration would require RSA to
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