Expert views and insight across our specialist areas.
Solicitors’ PI – Reflection, Mitigation and Prediction
Several in the Insurance industry have gone to press with news of the hard market conditions and the verdict of a gloomy outcome for the profession. Sadly, the recent renewal season ending March 2022 was no different for many. Sam Pye, specialist in Solicitors’ PII, examines the causes and what you can do about it.
Q&A: Cyber, Law Firms and Avoiding Breaches
Following the recent £98,000 fine issued by The Information Commissioner's Office (ICO) to a law firm who suffered a ransomware attack on its system, Oliver (Ollie) Carroll, solicitors’ PII specialist at Miller catches up with Alex Cappuccio in our Cyber team to discuss the case and lessons learnt.
Solicitors' obligations under STaRs when advising on litigation costs
Lawyers may be unaware of the onerous personal duties and obligations in this area under the SRA’s Standards and Regulations (STaRs), introduced late 2019.
A guide to notifying a professional indemnity claim
If in doubt: ‘Always contact Miller’ is the goldenrule when notifying a professional indemnity insurance (PII) claim.
Closure of the Solicitors Indemnity Fund Extended to 30 September 2022
Followingthe announcement that the Solicitors Regulation Authority (SRA) will be extending the Solicitors Indemnity Fund (SIF) by a further year to 30 September 2022, Miller examines the age-old issue of how firms look to protect themselves when the safety net of SIF is eventually gone.
Solicitors’ PII proposal form submission – Miller’s top tips
Insurers use your proposal form submission to determine if your law firm is a good risk. In the current hard market where capacity is reduced, it’s more important than ever to present your firm in the best possible light.
Solicitors’ PII Market – Miller’s Review of the April 2021 Renewal Season
Miller is pleased to provide its latest analysis of the Solicitors' Professional Indemnity Insurance (PII) market.
Silent cyber - what does this mean for insureds?
The insurance market has seen some large losses in recent years as a result of sophisticated cyber events such as the WannaCry, Petya and NotPetya ransomware attacks in 2017. These events have been classified as a cyber catastrophe, with industry losses now being reported at levels surpassing USD3bn (GBP2.3bn). Of these losses, 90% were driven by silent cyber impacts.
Stamp Duty Holiday Extension
This will be a relief to many who are in the process of purchasing a property and are likely to miss the 31st March 2021 deadline. However, sceptics would urge that this extension would only benefit those already in the process.