“A
number of rated insurers have withdrawn from this segment and the gap
has been filled by unrated insurers, some of whom enter for a few years
before withdrawing or, worse, becoming insolvent. This is extremely
detrimental to the profession”. Des Hudson, August 2013:
number of rated insurers have withdrawn from this segment and the gap
has been filled by unrated insurers, some of whom enter for a few years
before withdrawing or, worse, becoming insolvent. This is extremely
detrimental to the profession”. Des Hudson, August 2013:
“The
fact that an insurer is unrated does not of itself mean that they are
risky – some well-established, trusted insurers have chosen not to seek a
rating”. Des Hudson, April 2014:
fact that an insurer is unrated does not of itself mean that they are
risky – some well-established, trusted insurers have chosen not to seek a
rating”. Des Hudson, April 2014:
To be fair to Mr. Hudson his critical comments about unrated insurers just nine months ago coincided with the launch the Law Society “rated” PI scheme.
Could
facing facing a 20% drop in Law Society membership rolls as lender
panels require firms to have ‘A’-rated insurance, combined with the
threat that the SRA may ban unrated insurers, have changed his thinking?
facing facing a 20% drop in Law Society membership rolls as lender
panels require firms to have ‘A’-rated insurance, combined with the
threat that the SRA may ban unrated insurers, have changed his thinking?
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