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Insurance Articles Archive
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Professional Indemnity Insurance already a requirement for Ireland’s mediators
The use of mediation, as an alternative to either litigation or arbitration, to settle disputes is becoming more widespread, including in Ireland where a new Bill proposes the establishment of a statutory basis for the accreditation of Mediators. The proposal has been largely welcomed by the Mediators’ Institute of Ireland (MII) which currently runs its own accreditation scheme. To obtain a practi » read more
22/06/2012 Categories: Professionl Indemnity Insurance by Admin |
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Arch cru redress scheme could have Professional Indemnity Insurance implications
Under a scheme proposed by the FSA, IFAs who advised clients to invest in Arch cru funds will be required to take the initiative by reviewing every case and, where appropriate, paying compensation even if there has been no complaint. According to an article posted on moneymarketing.co.uk, this has prompted the Association of Independent Financial Advisers (AIFA) to warn of serious consequences for » read more
14/06/2012 Categories: Professional Indemnity Insurance by Admin |
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Seminar raises question of distinction between D&O; and PI Insurance
A recent breakfast seminar for Non-Executive Directors (NEDs) hosted by Kleinwort Benson focused on why it is so important for NEDs to be protected by Directors’ and Officers’ liability (D&O;) insurance. Regulatory changes are placing more statutory demands on NEDs and, increasingly, courts are demonstrating that they are willing to hold NEDs fully liable for any breach of duty.
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11/06/2012 Categories: PI Insurance by Admin |
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Call for minimum PII cover for Australian property inspectors
As reported on hillsnews.com.au, it seems that outside of Queensland there are no restrictions on who can carry out a property inspection in Australia. You don’t need to be registered, or qualified, or supervised, or insured.
It’s a state of affairs that has led the Chief Executive of Archicentre, the Australian Institute of Architects’ building advisory service, to call for some ch » read more
08/06/2012 Categories: Professional Indemnity Insurance by Admin |
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Where D&O; ends and PII begins
A bulletin posted recently on hfw.com sets out some of the issues that can arise when claims are made on Directors’ & Officers’ insurance policies. One of those issues is the clause often included in such policies that excludes cover for claims arising from the performance, or non-performance, of professional services. Why do D&O; policies contain such an exclusion? Because, it is argued, claims of » read more
14/11/2011 Categories: Professional Indemnity Insurance by PI Insurance Company |
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Question to Legislative Council reveals PII position for medical practitioners
In answer to a question raised in Hong Kong’s Legislative Council regarding the professional indemnity arrangements for private medical practitioners, the Secretary for Food and Health outlined some of the key details. As reported on 7thspace.com, the Secretary explained that ensuring adequate insurance provision was in place for private practitioners was the responsibility of the medical professi » read more
12/11/2011 Categories: Professional Indemnity Insurance by PI Insurance Company |
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