Negligence claims against advisers jump, finance firm claims

Tuesday, August 24th, 2010 Liability

Negligence claims against professional advisers have reached an 11-year-peak according to a finance provider which claims both insurance claims and premiums are rising. A study by Syscap has found High Court negligence cases launched against professional firms has jumped 125% to 332 in 2009, up from 147 in 2008. The recession triggered the steep increase according to the agency with investors or lenders hoping to recover falling asset values.


External References & Further Reading
http://www.accountancyage.com/accountancyage/news/2268620/negligence-claims-against
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