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Insurance Articles Archive
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Public Liability Insurance cost derails miniature train’s appearance
After 47 years of driving his miniature train at the Littlewick Show, it seems that Harry Sparks won’t be appearing this year. Why not? Because of a staggering 1000% increase in the cost of his public liability insurance. In previous years, Mr Sparks had obtained £3 million worth of cover for a premium of £50. But this year, following a requirement to increase his cover to £5 million in order to m » read more
05/09/2011 Categories: Public liability Insurance by Professional Indemnity Insurance Company |
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New study of US medical malpractice suits is no surprise to PI Insurance
According to a new study, just about every physician in the US will be the subject of at least one malpractice suit at some stage in his or her career. However, the results, published in the New England Journal of Medicine, will come as no surprise to professional indemnity insurers according to the COO of The Doctors Company in California. As he points out in an article on insurancejournal.com, m » read more
03/09/2011 Categories: Professional Indemnity Insurance by PI Insurance Company |
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Opportunities created by ABS could create Professional Indemnity problems
The introduction of the Alternative Business Structure (ABS) model could have significant professional indemnity insurance implications. As a number of larger law firms take advantage of the opportunity to become involved in offering a wider range of services, maybe they should also be taking note of the increased risks they are running.
Indeed, according to an article posted on new » read more
27/08/2011 Categories: Professional Indemnity,PI Insurance by Professional Indemnity Insurance and PI Insurance Company |
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Professional Indemnity expert leads team in move to new law firm
Australian law firm Minter Ellison Perth has seen its insurance team jump ship to set up a new office for the fast-growing, specialist practice Gilchrist Connell. Heading up the new team will be Deborah Templeman, a partner at Minter Ellison Perth for some 10 years, whose particular expertise ranges from alternative dispute resolution to professional indemnity. » read more
26/08/2011 Categories: Professional Indemnity Insurance,Professional Indemnity by Professional Indemnity Insurance Company |
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Court ruling highlights importance of notifying insurers of potential PII claims
An account of a recent case reported on eapdlaw.com, Kidsons v Lloyd’s Underwriters, highlights the importance of notifying one’s insurers of any potential claim under a professional indemnity insurance policy. In this instance, Kidsons, a firm of chartered accountants, were seeking an assurance that their professional indemnity insurance provided cover in respect of any claims made against a whol » read more
22/08/2011 Categories: PI Insurance,Indemnity Insurance by Indemnity Insurance and PI Insurance Company |
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PII, one of the specialist sectors covered in Gallagher/Oxygen agreement
Following Arthur J Gallagher International’s purchase of Oxygen Holding’s underwriting business in 2008, the relationship between the two organisations continues to develop. As reported on insurance-business-review.com, they have now concluded an agreement under which Oxygen has released a number of executives employed by two of its subsidiaries from their restrictive covenants.
Whi » read more
17/08/2011 Categories: PI Insurance,Professional Indemnity Insurance by Professional Indemnity Insurance Company |
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