Solicitors Regulation Authority (SRA)
Proposals to block broker deals with unrated insurers snubbed by the market
Reid told onus is on brokers to ensure passporting firms are 'financially sound'
Abbey Protection profits flat as ABS investment “yet to bear fruit”
Legal insurer Abbey Protection has recorded flat pre-tax profits of £5.2m for the first half of the year, noting both falling investment returns and a lack of return from its investment into an Alternative Business Structure license.
DLG seeks SRA approval ahead of law firm launch
Direct Line Group is pushing ahead with plans to set up a law firm, and has submitted an application to the Solicitors Regulation Authority for approval and licensing.
View from the Top: Do not adjust your sets
So here we go again. Nine months after offering renewal to 1300 UK law firms – and less than two years after they entered the market – an unrated insurer, with a ‘passport’ into the UK insurance market, has been forced to cease trading having been…
Mass calls for SRA rethink on enticements to claims
The Motor Accident Solicitors Society has expressed disappointment at the fact the Solicitors Regulation Authority is not considering outlawing cash or gift enticements to potential claimants.
Law Society to launch professional indemnity scheme
The Law Society is in the process of establishing a professional indemnity scheme for small firms to help them steer clear of unrated insurers.
Unrated insurer problems force SRA to reinvestigate stance on financial stability vetting
The Solicitors Regulation Authority is to re-investigate if it should introduce financial eligibility criteria following recent problems with unrated insurers including Quinn, Lemma and more recently Balva.
PI firms risk being sued if they continue to undervalue serious injury claims
Claims management companies reportedly targeting under-settled claims.
Exploiting referral fee ban loophole ‘against spirit of the law’, say insurers
Epoq among firms criticised for finding a way around Laspo-enforced ban.
Solicitors’ Professional Indemnity: Domino effect
As solicitors and the wider industry prepare for the fallout from the Balva scandal, predictions suggest some firms could fall onto the breadline. Are they right?
Post Audio Supplement - 30 May 2013
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Triton Global handed ABS licence
Triton Global plans to integrate its legal, claims and adjusting services following the granting of an alternative business licence by the Solicitors Regulation Authority.
Shakespeares is ‘ABS-ready’ to support insurers
Law firm Shakespeares has secured an alternative business structure licence, with views to engaging in joint ventures with insurers, third parties and corporate clients.
SRA chief Townsend to step down
Solicitors Regulation Authority chief executive Antony Townsend will leave his role later this year.
PI lawyers deny ethical standards slipping
Personal injury lawyers have denied ethics in their business are slipping, suggesting trained lawyers are increasingly forced by time pressures to be more distant from their clients.
DAS unveils law firm
Legal expenses insurer DAS has lifted the curtain on its own law firm, DAS Law, headed up by head of legal services Kathryn Mortimer.
Editor's comment: Border control
As a UK passport holder I am welcome to roam Europe at will and take in the sights, scenes and delights.
Balva’s UK ban raises questions over SRA list of qualifying PI insurers
A move by the Latvian regulator to suspend the passporting rights of Riga-based insurer Balva has reignited broker concerns about the presence of unrated insurance companies operating in the UK market.
Gallagher criticises SRA over Balva
Gallagher London has described the ban on Latvian insurer Balva underwriting new business in the UK as "another embarrassment for the Solicitors Regulation Authority" due to the insurer's inclusion on the body's approved list of qualifying professional…
SRA reassures firms using Balva Insurance
The Solicitors Regulation Authority has reassured firms using Balva Insurance for its professional indemnity following a regulatory ban on the firm to underwrite policies in the UK.
Admiral enters legal JVs with Lyons Davidson, Cordner Lewis
Admiral has received approval from the Solicitors Regulation Authority for new joint ventures launched in partnership with two law firms
SRA issues PI referral fees ban guidelines
The Solicitors Regulation Authority has issued guidance and support for those in need of advice ahead of the introduction of the referral fees ban in personal injury cases.
Credit Hire: Co-operation not combat
With concerns over credit hire at an all-time high after the collapse of Drive Assist, what is the future for credit hire organisations, and can they ever truly make peace with insurers?
SRA publishes authorisation guidance in push for ABS streamlining
The Solicitors Regulation Authority is aiming to streamline the process for both alternative business structures and recognised bodies, having published new guidance about applying for authorisation.