BTE

CJC launches BTE working group as top insurer warns that premiums may rise

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The role which before-the-event legal expenses insurance might play in improving access to justice is to be examined by a working group set up by the Civil Justice Council. BTE is to become more prominent in the wake of the government’s personal injury reforms, with one leading insurer predicting an increase in both demand and premiums as a result.

March 1st, 2017

DAS reports loss as ATE business shrinks

Andrew Burke DAS

Leading legal expenses insurer DAS dipped into the red last year, while its after-the-event insurance business shrank. The Bristol-based company reported that a loss after tax of £5.7m for 2015, compared to a restated profit of £0.5m in 2014.

October 3rd, 2016

AmTrust snaps up Arc Legal as ARAG announces strong results

Tony Buss

Legal expenses insurer AmTrust has acquired independent provider Arc Legal Assistance for an undisclosed sum. Meanwhile, fellow insurer ARAG plc yesterday announced a 12% growth in premium under management for 2015.

July 19th, 2016

BTE, hot-tubbing and QOCS in sights of new Civil Justice Council review group

Rachael Mulheron

The role which before-the-event insurance might play in improving access to justice is one of three issues that a new Civil Justice Council working party is to consider. It comes as news emerges that the Civil Procedure Rule Committee is to begin work on slimming down the CPR.

May 5th, 2016

Law firm loses 50% of costs for hiding existence of second CFA and BTE

birmingham

A district judge has decided to halve the costs awarded to claimant solicitors for unreasonable and improper conduct in concealing from the paying party the existence of a previous conditional fee agreement and before-the-event insurance.

August 27th, 2015

DAS reports strong financial growth

Paul Asplin

DAS UK Holdings has reported record income of £199.6 million in 2013, an increase of 10% over 2012. Profits before tax and reinsurance also grew strongly by 9% to £12.1m. Sales of after-the-event insurance rose 45% on 2012.

June 11th, 2014

ARAG disappointed by Law Society “survey bias”

Paul Upton ARAG

Leading legal expenses insurer ARAG has expressed its disappointment with the Law Society survey on before-the-event insurance, and suggested that the drive may be to aid law firms not on insurers’ panels.

May 9th, 2014

Legal expenses insurers have good reason to avoid non-panel firms, leading provider claims

Nick Fluck

Law firms which are not members of legal expenses insurers’ (LEI) panels charge “significantly higher” fees which “dwarf” those of panel firms, a leading LEI provider claimed yesterday.

April 29th, 2014

Legal Ombudsman: "easy" to see legal expenses insurance becoming compulsory

Legal Futures Conferences November 2012

It is “easy” to imagine a world where legal expenses insurance becomes mandatory in the same way that car insurance is, the Chief Legal Ombudsman claimed today. Adam Sampson said they would also be keeping a close eye on how DBAs develop.

June 13th, 2013

FCA tells insurers to clean up their act when selling motor legal expenses insurance

car crash - bashed car

Consumers have a much poorer understanding of motor legal expenses insurance than providers believe – but it is a useful product that helps consumers find specialist solicitors, a review by the Financial Conduct Authority has concluded.

June 12th, 2013

Blog

Formal regulation – a price worth paying for third-party funders

Christopher Deadman 2

The comments by Lord Faulks QC last week that third-party litigation funding is “in danger of undermining the integrity of our much-admired legal system”, has been met with predictable howls of derision by those involved in the industry. The issue of statutory regulation or licensing has been on the agenda for a while but the creation of the Association of Litigation Funders, with its voluntary code of conduct has gone some way to persuading the Ministry of Justice (before the election, at least) that this is not necessary for the time being.

June 13th, 2017

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