News Insurance Law firms SRA vs insurers as assigned risks pool governance proves sticking point By The Lawyer 9 May 2010 00:00 17 December 2015 16:01 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Robert Nield 24 August 2010 at 12:33 I have been in private practice for over 30 years. 28 years as a partner in a small firm and 4 years on my own in semi-retirement. I have never been the subject of any disciplinary action or complaint. My previous firm had a miniscule number of claims and stayed loyal to its insurer. I have been insured through Zurich since being on my own. I have had no claims. My turnover is less than £100k; I have no overdraft but I do have assets. Last year Zurich increased my premium from £3.5k to £5.75k just because they felt like it. This year they say they will increase the premium to more than £20k. The excuse given is disingenuous to say the least. I was intending to fully retire after another year when I get to 65 but this hike in premiums means I cannot stay with Zurich, partly because of the run off consequences. In any event there is no justification for this huge figure for a premium which is about as close to extortion as you can get. I am a clear victim of discrimination as a sole practitioner and Zurich do not care a jot. I was hoping to run down my practice in a dignified manner but now I am running round like a headless chicken trying to find some fair alternative. Support from the Law Society; absolutely none apart from a nice person on the phone giving out names of other insurers to turn to. This is a shambles and it is morally wrong that a person cannot continue with his work for which he is properly qualified at the whim of insurers whose only interest is profit and/or internal policy. Shame on those who are responsible for this mess. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.