Cyber insurance should viewed as ‘essential’ by UK businesses by 2025 says the Association of British Insurers (ABI). Online breaches can cost millions and would threaten the viability of many businesses according to Huw Evans, Director General at the ABI…read more
Commercial Litigators Exposed to Negligence Claims Over Costs Reveals Survey
Seven out of ten (69{0a6a65c996ed4169444354e707b897cdb00dbefc1d0429e8febb9bf11027ba53}) commercial litigation partners have run up court costs above the agreed budget level according to a recent survey. Only one in ten (11{0a6a65c996ed4169444354e707b897cdb00dbefc1d0429e8febb9bf11027ba53}), however, has made an application to the court to revise the costs…read more
Valuers’ Duty to Investment Purchaser Revisited
Providing a valuation for lending purposes does not make a surveyor liable for investment losses according to the High Court. The decision is good news for surveyors and their insurers as it further limits valuers’ duty to property investors. Property…read more
IFAs – New Rules on Complaints from July
New regulations affecting the way complaints about IFAs are handled will come into force on 9 July 2015. The move will ensure that firms can meet the requirements of the European Union’s Alternative Dispute Resolution (ADR) Directive. The ADR Directive…read more
