Rising cost of claims forces solicitors’ PI underwriters to harden stance

31 Oct 2018

BLM professional indemnity partner Ben Parks provides his view on increases in the rate of solicitors’ professional indemnity premiums, in an article published today in Insurance Day.

Experts report a definite hardening in some areas of the market at the recent October renewal. Ben said: “Underwriters were very keen to see a rate increase as they try to recover the losses they have suffered in the past several years.”

Click here to read the article in full (subscription required).

 

 

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Disclaimer: This document does not present a complete or comprehensive statement of the law, nor does it constitute legal advice. It is intended only to highlight issues that may be of interest to customers of BLM. Specialist legal advice should always be sought in any particular case.

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Ben Parks

Ben Parks

Partner,
Manchester


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