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... presentation’ of their risk to insurers.Remedies for Non-Disclosure or Misrepresentation - Remedies must now be proportionate and reflect the actual underwriting impact, had the correct information been ...
2. Sharp contrast to other PII providers
(Newsflashes/Newsflash)
... so were not in a position to evaluate experience, and therefore, risk. Architects, London -September 2014    ...
3. What is Cyber Liability Insurance
(Blog Articles/PI News Related)
... they visit. Cyber liability is possibly the fastest growing risk too small and medium size businesses today.    Data breaches are now a fact of life together with taxes and death, but ...
...  RSA, which includes MoreThan customers have said that from 1 May, no more new business will be written for Architects, Design and Construct Risks, and Surveyors involved in more than 10% S&V. In ...
... clause, in particular in a collateral warranty or schedule or third party rights in favour of a funder or in any professional appointment. It will want to minimise its risks and the limits of liability ...
6. No extension to the Valuer’s Duty of Care
(Blog Articles/PI News Related)
... to a lender does not owe the borrower a duty of care. The claimant's decision to withdraw his appeal closes off the risk of an avalanche of claims from people who came into the buy-to-let market during ...
7. AVIVA depart the Professional Indemnity market
(Blog Articles/PI News Related)
AVIVA depart the Professional Indemnity market in favor of more profitable markets. In an article in The Insurance Times, Corporate and Specialty Risk Managing Director David Hall announced that  AVIVA ...
8. Hammond Legal Support
(site sections/Resources)
... provide a risk management services for IT companies, including their contract review service. This is what they have to say, “We are agile, progressive and easy to engage with. Our flexible approach ...
9. Actuaries
(site sections/Sectors Covered)
Actuarial Consultant PI Proposal Form Acceptance Form Actuaries work in a number of different practice areas: enterprise risk management, finance and investment, general insurance, health ...
10. PI Insurer blasts FSA's "High Risk" Arch Cru stance
(Blog Articles/PI News Related)
... Financial Services Authority (FSA) scheme - which would seek to clawback investor losses from IFAs who sold Arch Cru as a low-to-medium risk investment - is currently under consultation. It was due to ...
... valuation profession and public protection at serious risk." Quote Robert Peto, RICS Spokesperson RICS has today launched a consultation to tackle problems about current risk and pricing in professional ...
12. RICS Listed Insurers
(Blog Articles/PI News Related)
... for the purpose of the assigned risk pool which is a insurance option of last resort for surveyors who are unable to obtain PI in the open market. Whilst a PI Insurers policy wording does not need to ...
13. Abolition of Expert Witness Immunity
(Blog Articles/PI News Related)
... need to monitor new claims notified and resulting from expert witness work (hitherto considered by insures as low risk in view of the immunity previously in place). Insurers will need to consider the ...
14. IRS Collateral Warranty Guide
(site sections/Fact Sheets)
Download it Written by Indemnity Risk Solutions  ...
15. Changes to the Tenancy Deposit Scheme
(Blog Articles/Broker)
... the deposit, in the statutory prescribed form, can also result in the same penalty. Letting has traditionally been seen as a low risk profession for Professional Indemnity Insurers, however, in recent ...
16. Increase to Insurance Premium Tax
(Blog Articles/Broker)
... into effect from 1 October 1994.  Certain types of risk such as life assurance are exempt from PIT however, in the case Professional Indemnity Insurance it is currently charged at 5%. When  IPT was first ...
... policy, as required by the SRA, must allow insurers to set premiums that more accurately reflect the risks of work carried out. The funding of the Assigned Risks Pool (for solicitors unable to get professional ...
Ink Underwriting Agencies and St Giles Legal and Professional Risks have joined forces to target what they describe as the "troubled solicitors insurance market". Post Online 2 Sept 2010  ...
19. Solicitor concerns over plans to scrap ARP
(Blog Articles/PI News Related)
Solicitors have voiced concerns over ‘knee-jerk’ proposals to abolish the assigned risks pool (ARP) next year in their responses to a Solicitors Regulation Authority consultation on the issue. Law Gazette ...
20. Town Planners
(site sections/Sectors Covered)
... Planning is generally seen by insurers to be a low risk activity, however firms who undertake large projects or high value projects should ensure their insurer has a good description of their activities. ...
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