"The representative body hopes that its new clause will provide underwriters with ‘greater confidence to offer effective insurance solutions’ to firms that are working to remove dangerous cladding from high-rise buildings.

The International Underwriting Association (IUA) has published a new model insurance clause that covers fire safety risks."

(Insurance Times - September 2022)

"The regulator for property and probate lawyers, the Council for Licensed Conveyancers (CLC), has launched a consultation to update its policy on professional indemnity (PI) insurance requirements for conveyancers and probate lawyers.

All firms regulated by the CLC are required to have PI insurance in place to safeguard consumers’ assets and savings."

(Insurance Times - January 2022)

“Recession, cyber threats and regulatory intervention are insurance professionals’ biggest concerns.

Despite 94% of insurers planning to write the same or more business in the professional indemnity (PI) market over the next 12 months, recession, cyber threats from remote working and continued regulatory oversight are top of the insurance industry’s list of concerns for this sector, according to global law firm Clyde and Co’s latest market report.”

(Insurance Times - July 2021)

“Four years on from the Grenfell Tower fire, industry experts debate the draft Building Safety Bill and what has been done so far to address fire safety

Hikes in insurance premiums only add to the financial stress of the fire safety problems that were exposed after the Grenfell Tower fire in 2017, according to Neil O’Connor, director of building safety policy at the ABI and part of the Ministry of Housing Communities and Local Government (MHCLG).”

(Insurance Times - July 2021)

“An expert panel at Biba’s conference last month discusses the current state of the professional indemnity insurance market

Biba 2021: The professional indemnity (PI) insurance market was already incredibly challenging, but soaring prices and trust in the sector being at an all-time low following the FCA business interruption (BI) test case has created a “perfect storm”, said an expert industry panel.”

(Insurance Times - June 2021)

“Insurance broker, MINT, has revealed how an alarming number of agents are at risk of having their licences revoked because of insufficient Professional Indemnity cover.

With an increasing number of agents exploring diversification opportunities and new revenue streams, Mint Insurance Brokers claims that many lack the correct level of Professional Indemnity (PI) cover, leaving many agents exposed.”

(The Negotiator - June 2021)

“Don’t find out the hard way that your PI isn’t up to the job. Oliver Wharmby highlights the danger to agents and explains how to get it right.

Professional Indemnity Insurance (PI) is a compulsory requirement for any estate and letting agent. It provides valuable cover for your business including defence costs and expenses, should you ever be faced with a claim for negligence or breach of duty.”

(Oliver Wharmby - The Negotiator - April 2021)

Insurance Times has reported that “There is also a lack of PII insurers in the market which is an additional strain on premiums and makes it more cult for surveyors to get the cover they need.”