Legal
Law firm closures due to lack of PI slows down
A total of 34 law firms closed due to lack of professional indemnity insurance in 2022/23 up to the end of October, the lowest level since 2018/19.
RSA launches resource hub for broker profin clients
RSA Insurance has launched a bespoke online resource hub to help broker clients protect and manage their business.
Ardonagh-owned Price Forbes launches real estate and legal indemnity practice
Price Forbes, part of Ardonagh Specialty, has launched a real estate and legal indemnity practice led by managing director of real estate Mark Manwaring.
Ghost broker who targeted Sudanese community sentenced
The City of London Police have revealed a man who offered fraudulent motor insurance policies to Sudanese nationals living in the UK has been sentenced to 10 months’ imprisonment, suspended for 12 months.
Opinion: The role of LEI in 21st century justice
Access to justice is one of the cornerstones of civilised society; without it, law and order risk breaking down, threatening the stability we’ve come to take for granted, argues Arc Legal’s Tim Mullin.
Review of the Year 2023: Winn’s Clint Milnes
Winn Solicitors CIO Clint Milnes admits to raising an eyebrow to the news of the Markerstudy and Atlanta merger and flags the ‘commendable progress’ made by the FCA with Consumer Duty.
Heath Crawford payout underlines the perils of underinsurance for brokers
The substantial damages awarded in the recent judgment Infinity Reliance Limited (trading as My 1st Years) v Heath Crawford Limited remind insurance brokers of the perils of underinsurance, with business interruption cover being a particular pitfall…
Wakam hires execs from Accelerant and Great Lakes after PRA authorisation
Wakam has filled out its UK leadership team after being granted full branch authorisation by the Prudential Regulation Authority.
Blog: Paul Tasker on brokers’ anti-money laundering responsibilities and actions
Paul Tasker, CEO of Reg Technologies, sets out responsibilities and a ‘must do’ list for brokers to deliver their crucial role in the fight against money laundering.
Martyn’s Law to usher in new era of terrorism risk mitigation and management
New legislation aimed at protecting premises from terrorism attacks might be thin on detail. But brokers need be prepared to assess how it will impact their clients over the coming months, as Edward Murray discovers.
Judge denies Alec and Robert Finch fraud case appeal
A High Court judge has denied Alec and Robert Finch permission to appeal after being found guilty of fraud in September.
Applied Systems investigated over alleged anti-competitive conduct
The Canadian Competition Bureau has gained a court order to progress a civil investigation into alleged anti-competitive conduct by Applied Systems and its affiliates.
Blog: Three event insurance trends not to be ignored in 2024
From civil commotion to climate change and changes in the duty of protection, event organisers and their brokers have a lot to consider when placing insurance next year. Rob Carslake, head of event insurance, Hiscox UK, offers some guidance to those…
Cardiff City settles with Miller in legal action over footballer’s plane crash death
Cardiff City has settled with Miller Insurance Services after suing the broker for £10m following the plane crash death of striker Emiliano Sala.
Markel targets ‘real opportunity’ with construction launch
Markel has developed a new product for the UK construction sector.
Financial & Legal targets private rental sector with LPG tie-up
Financial & Legal Insurance has announced a new partnership with Legal Protection Group to grow its presence in the private rental sector, which it claims accounts for 19% of all UK households.
Opinion: SLAPP legislation changes and the insurance industry
Judges in the UK have been given powers to dismiss lawsuits, labelled by the UK government as intended to curtail the freedom of speech of journalists, at an early stage. Joe Wornham, senior technical underwriter – media liability at CNA Hardy, analyses…
In Depth: Could legal expenses have a role to play as the landlord pressure cooker reaches boiling point?
Specialist legal expenses cover has the potential to turn down the heat as those renting out property face challenges on all fronts, including from the Renters (Reform) Bill. Rachel Gordon investigates.
Renovation Underwriting rolls out non-negligence liability cover
Managing general agent Renovation Underwriting has launched non-negligence liability cover available either as part of a wider renovation cover or as a standalone product.
Blog: Is a coming revolution in employee competition law set to rock the broker sector?
In light of the government’s plans to reform non-compete covenants, Anna Birtwistle, a partner at Farrer & Co, reflects on the potential for ‘seismic’ change in broker recruitment.
US cannabis-focused MGU CannGen Insurance opens in Europe
North American managing general underwriter, CannGen Insurance Services, has launched a European operation citing an expectation that the continent’s legal cannabis market will grow quickly.