Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Higher premiums push 37 law firms into bankruptcy

January 18, 2023 Reprints

A report by U.K-based accounting firm Hazlewoods LLP found that 37 British law firms collapsed into bankruptcy in the year ended June 30, 2022, after they were unable to obtain mandatory professional indemnity insurance due to rising premium costs, City A.M. reported. Increasing premiums mainly affected law firms working in the property conveyancing sector, amid a reluctance from insurers to provide coverage due to the high number of claims and the high value of property transactions.

Help

Higher premiums push 37 law firms into bankruptcy

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources