Legal Week reports
December 06, 2001 at 05:54 AM
1 minute read
The original version of this story was published on Legalweek
Insurance company Cox – the sixth largest provider of law firm professional indemnity cover – is pulling out of the solicitors’ market amid concerns that the sector is unprofitable.
The move confirms fears that the market is hardening dramatically following the 11 September terrorist attacks, leading to higher indemnity premiums for law firms and insurers pulling out of the relatively low margin sector for solicitors’ cover.
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