Solicitors Regulation Authority (SRA)
DLG to launch legal services from March
Direct Line Group has been granted regulatory approval to launch a new legal services division as an alternative business structure.
SRA kicks off unrated insurer consultation
The Solicitors Regulation Authority has formally opened an eight week consultation on barring unrated insurers from providing professional indemnity cover to regulated firms.
Brokers get behind SRA plan to ban unrated firms from writing solicitors’ PI
Critics argue plan is ‘misconceived’ and would put ‘upward pressure on rates’.
Editor's comment: The ratings game
The ugly issue of rated v unrated insurers has once again been pushed up the agenda, with news this week that the Solicitors Regulation Authority plans to roll out a consultation on the possibility of a ban on unrated or low‑ranking insurers from its …
SRA ratings plans 'confused' says Enterprise
An unrated professional indemnity insurer has condemned plans from the Solicitors Regulation Authority to bar insurers rated below B.
Unrated PI insurer Elite targeting AM Best rating by Q2
Unrated insurer Elite is hoping to be granted a rating by AM Best by the start of Q2.
SRA launches unrated insurer ban consultation
The Solicitors Regulation Authority is to consult on a potential bar on professional indemnity insurers rated below B on financial strength.
SRA publishes names of 136 solicitors forced to close
The Solicitors Regulation Authority has named the 136 firms that failed to secure professional indemnity cover by the 1 October deadline and did not obtain cover during the extended policy period.
SRA in the dark on solicitor closures after 'non-cooperation'
Efforts to determine the number of solicitors that must close after being unable to obtain professional indemnity cover have been hampered by "an extreme lack of cooperation", according to the Solicitors Regulation Authority.
SRA to release figures on solicitor closures next week
The number of solicitors shutting up shop after failing to obtain professional indemnity insurance is likely to be confirmed next week, the SRA has said.
SRA threatens disciplinary against firms without PI cover
The SRA has warned that it may take disciplinary action against solicitors continuing to operate despite having failed to renew their professional indemnity cover.
SRA mulls enforcement action for firms in PI breach
The Solicitors Regulation Authority has warned it is considering enforcement action after “a substantial number of solicitors” failed to declare their insurance position regarding professional indemnity cover.
SRA urged for clarity on successor practices
Personal injury firm SGI Legal has called on the Solicitors Regulation Authority and professional indemnity insurers to issue ‘proper’ guidance on when those buying work-in-progress will be considered a successor practice.
Carole Nash unveils ABS following New Law partnership
Motorcycle broking specialist Carole Nash has teamed up with New Law to launch a legal services proposition under the name of Carole Nash Legal Services.
Solicitors inaction following ARP closure blamed for lack of PI cover
153 law firms have entered 60-day cessation period after failing to get insurance
Further uncertainty for Balva policyholders as claims handler withdraws
The company handling claims for beleaguered Latvian insurer Balva has withdrawn its services, creating more uncertainty for policyholders of the Riga-based firm.
Threat of closure looms for 153 law firms ahead of final PI deadline
The Solicitors Regulation Authority has revealed 153 solicitors firms have gone into the extended policy period after failing to secure professional indemnity cover.
APPG chair Evans praises SRA on referal fee fight
The Solicitors Regulation Authority has been acclaimed by Jonathan Evans MP, chair of the all party parliamentary group on insurance and financial services, for taking action against firms flouting the referral fees ban.
SRA issues referral fee ban compliance warning
The Solicitors Regulation Authority has warned personal injury firms some of the models adopted to circumvent the referral fee ban “potentially breach” parts of the code of conduct.
The Claims Event 2013
Claims managers fear hearing loss could become the ‘new whiplash’
Legal Market: Joining forces
Mergers and acquisitions in legal markets show no sign of abating. But what is behind the desire to consolidate law firms, and what does it mean for the insurance industry?
Concerns grow for solicitors’ PI market as top brokers look to unrated carriers
At least 175 law firms enter EIP as impact of Berliner exit continues.
Pressure mounts on government to close referral fee ban loophole
Apil boss reminds insurers of responsibility not to profit from schemes.
Philip named SRA chief
General Medical Council chief operating officer Paul Philip has been appointed chief executive of the Solicitors Regulation Authority.