Insurance2day Insurance Services Ltd

Following our post about Royal & Sun Alliance withdrawing from the lower end of the solicitors professional indemnity insurance market the insurance trade press is now referring to the approaching ‘Crisis’ in the market. Zurich expect that solicitors professional indemnity rates across their book of business could increase by 20% over however they are looking at an overall growth in business. Novae along with other insurers are thought to be viewing the market cautiously paying particular attention to claims trends.

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