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Insurance Articles Archive
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Where D&O ends and PII begins
A bulletin posted recently on hfw.com sets out some of the issues that can arise when claims are made on Directors’ & Officers’ insurance policies. One of those issues is the clause often included in such policies that excludes cover for claims arising from the performance, or non-performance, of professional services. Why do D&O policies contain such an exclusion? Because, it is argued, claims of » read more
14/11/2011 Categories: Professional Indemnity Insurance by PI Insurance Company |
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Question to Legislative Council reveals PII position for medical practitioners
In answer to a question raised in Hong Kong’s Legislative Council regarding the professional indemnity arrangements for private medical practitioners, the Secretary for Food and Health outlined some of the key details. As reported on 7thspace.com, the Secretary explained that ensuring adequate insurance provision was in place for private practitioners was the responsibility of the medical professi » read more
12/11/2011 Categories: Professional Indemnity Insurance by PI Insurance Company |
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Will Keydata affair lead to soaring PII premiums for financial advisers?
In the aftermath of the Keydata insolvency, at least two questions are being asked.
Having paid out substantial compensation to Keydata investors, the Financial Services Compensation Scheme is now seeking to recover those payments from the financial advisers who acted as Keydata distributors. But will those advisers’ professional indemnity insurers agree to cover them? And if so, wi » read more
11/11/2011 Categories: Professional Indemnity Insurance by PI Insurance Company |
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Claims against NHS highlight need for Professional Indemnity Insurance
According to a report published in The Daily Telegraph recently, professional indemnity claims against the NHS have increased by 30% since the beginning of the year. In monetary terms, such claims have cost the NHS some £863m in compensation and £257m in legal fees.
Whilst the NHS is obviously an exceptional organisation in terms of its size and scale, these statistics have led some » read more
20/10/2011 Categories: Professional Indemnity Insurance by PI Insurance Company |
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New e-trading platform to provide instant, location-specific, PI Insurance
Specialist underwriter Dual Corporate Risks has opted for Pitney Bowes’ Risk Data Suite to incorporate location-specific risk factors in its new e-trading platform. Brokers will now be able to provide instant quotes for business clients that reflect the particular risks associated with each client’s location.
According to Dual’s head of e-business, as reported on businesswire.com, t » read more
11/10/2011 Categories: Professional Indemnity Insurance by PI Insurance Company |
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Professional Indemnity Insurance critical for investor protection according
Dyer & Blair Investment Bank, one of Kenya’s leading stock brokerage firms, has called for a standardisation of procedures to reduce the incidence of fraud right across the financial services sector. And, as reported on kbc.co.ke, this call follows a number of fraud allegations in which the firm has been named.
According to Dyer & Blair’s Chairman, the cases in question are already » read more
10/10/2011 Categories: Professional Indemnity Insurance by PI Insurance Company |
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