Elite turns back on UK solicitors’ PI
Legal expenses insurer Elite Insurance says it will not enter the UK solicitors' professional indemnity (PI) market this year because regulators have failed to make enough changes to the back-up insurance pool.
The industry's Assigned Risk Pool (ARP), which provides insurance for professionals who cannot source cover on the open market, will be phased out from 2013, as previously reported.
In the interim the time companies can spend in the ARP has been cut back to six months from a...
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