When the Insolvency Act was first introduced in 1986, it was to prevent property owners deliberately transferring their assets to a family member or close associate to avoid creditors.
Insolvency Act legal indemnity news
Below you’ll find articles or communications we’ve issued over the last couple of years which are related to our Insolvency Act indemnities.
We understand that lenders increasingly request cover that protects their loan security, and the impact that these requests have on shaping products in the legal indemnities market.
Feedback from customers is always welcome, and solicitors often also pass on lenders’ views, which have recently been the catalyst for some changes to our lender-only products.
We’ve recently introduced some improvements to existing cover as well as some new products as a result of feedback from solicitors.
We look at some of the most common questions posed to our underwriters.
Almost 30 years after the Insolvency Act was introduced, there's still a need to protect innocent parties from losing property, or substantial sums of money, due to circumstances totally beyond their control.