“‘It has been an absolute bloodbath,’ says Stephen Allen of this year’s professional indemnity renewal. Premiums up, insurers issuing quotes only two days before the September 30 deadline, no time to shop around, difficulties arranging finance for premiums and many firms failing to find cover at all — it has been the most difficult renewal season since solicitors went on to the open market for insurance in 2000.”
The Times, 8th October 2009
Source: www.timesonline.co.uk
