Reappointment of 7 Commissioners of Criminal Cases Review Commission miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Her Majesty The Queen, on the recommendation of the Prime Minister, has approved the reappointment of 7 Commissioners of the Criminal Cases Review Commission.
Solicitors are facing the hardest market for indemnity cover since demutualisation over 20 years ago, with some insurers seeking personal guarantees and demanding that policy excesses be paid into escrow.
Many firms continue to renew on the traditional 1 October date and industry experts say they must start preparing well ahead of time. Speaking at a
Gazette
roundtable on PII, Brian Boehmer, partner at broker Lockton, said: ‘The combined value of the claims of the few now outnumbers the premiums collected [from] the many, which goes against the premise of insurance.’
The Law Society is already reporting premium increases of 5-50% as ‘typical’, at a point when firm turnover is down 10% on average. Jason Butcher, client account manager at Wesleyan, said insurers are not competing on price: ‘The market across the board seems to be supporting pretty much common prices.’