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Headline

PI insurers warn of 25 per cent rate hike

Comment

More claims will mean rate increases This is a very big market place for insurers. There are 9,000 law firms in the UK, 90% of those have less than 5 partners. They are having no problems in getting insurance for the time being, but it is clear that that could change. Really it is all dependent on whether lawyers see a lot more claims coming through next year. And the way things are going it is likely that there will be a change in the rating situation which those 9,000 firms really need to be aware of.

Posted date

29-Oct-2007

Posted time

4:04 pm

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