Four estate agents which colluded to set a minimum commission of 1.5 per cent denied local home-owners selling their property the chance of securing a better deal according to the Competition and Markets Authority (CMA). The four have been fined…read more
Broker escapes damages following clear cut negligence.
An insurance broker who failed to set up a professional indemnity insurance policy for his client has escaped paying damages as no loss was suffered by his client. Rodney Channon was a chartered accountant and also a director of a…read more
FCA plans changes to professional indemnity insurance
The FCA is planning changes to its professional indemnity insurance (PII) rules for Financial Advisers. The proposals were revealed in a consultation paper on reforms to the industry’s lifeboat fund, the Financial Services Compensation Scheme (FSCS). The FCA says it…read more
Brunel Group opens Newton Abbot office
Brunel Group expanded further into the southwest today (Monday 20 June) with the opening of their Newton Abbot office. Fittingly situated in the Kingdom Business Centre on Brunel Road, Brunel continue to build on their strong national presence and are…read more
Well-drafted retainer protects professional firm from damages
A professional firm has seen off a claim for damages by a client as its retainer letter clearly set out the limit of its duties. “This case is yet another reminder of the vital role played by a well-drafted retainer…read more
Supreme Court resolves solicitors’ PI aggregation clause question?
The disagreement over the exact meaning of the solicitors’ professional indemnity aggregation clause has received further comment by the Supreme Court. The ruling provides greater clarity for solicitors about when similar professional indemnity insurance claims can be aggregated together into…read more
Solicitor fails to force insurer to indemnify £4.65m mortgage fraud
A Solicitor has failed in her attempt to force an insurer to pay out a £4.65m professional indemnity insurance claim, following a mortgage fraud. The court found that the solicitor had acted dishonestly which prevented her from pursuing a claim…read more
