PI underwriters battle with PIA.
Brokers and IFAs with exposure to Phase Two of the Pensions Review are facing a testing time as prof...
Brokers and IFAs with exposure to Phase Two of the Pensions Revieware facing a testing time as professional indemnity insurers hike rates
and excesses, and order clients not to proceed with the review while they
are still in discussions with the PIA.
Lloyd's PI Underwriter Chartwell says that sending out the review letter
in the RU Owed envelope constitutes inviting a claim, which is a breach of
its policy conditions, and is arguing the matter with the PIA.
ITT London & Edinburgh is also still in
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