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Still without indemnity insurance?

16 December 2013

Until last week up to 470 firms were rumoured to have been without indemnity insurance in place. That number was more than three times the SRA’s own. 
 
It perfectly fitted the climate of fear and uncertainty surrounding the final days of the first indemnity renewal cycle following the demise of the assigned risks pool (ARP). 
 
Against a backdrop of rising concerns over financial stability across the sector, it also added to the feeling of an old world on the verge of collapse.
 
The discrepancy was based on the fact that figures were coming from different sources. 
 
The regulator’s was based on active notificati...

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