Come 2013, the Assigned Risks Pool (ARP), law firms otherwise uninsurable will be shipped to the story. And insurers of potential policyholders end up playing a game last minute to pass the package under the new regime, the last insurance company to keep a certain height necessary to maintain the flow of coverage for six years.
Between now and then, we tend to see some significant movement tactics on both sides. Thelawyer.com As mentioned, many firms - especially smaller and even more specifically, less if the company's portfolio is characterized by a high proportion of advisory work - will (or should) tighten their procedures for risk management and implementation of an emergency action plan to resolve all claims reported against them.
On the other hand, insurers will have a much closer look than they did earlier in the financial strength and history of the two claims of their clients and potential new ones.
Add to confuse the fact that the cessation of the ARP could attract new insurers to enter the market - insurance companies, which may or may not have the stomach for a long-term commitment - and it certainly seems to be a caveat emptor in the round.
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