Heavy Storms Cause Problems With Electric Power Leaving Homes With No Power

Electrical engineers and services are trying to repair the damage caused by storms with winds in some regions reaching up to 100 mph.

In Scotland over 30,000 homes and businesses are without any electricity. The met office has issued warning of rain and high winds in Wales Scotland and the North of England.

There has been delays on trains and the roads with trees and floods blocking roads.. Many properties with damaged roofs and water flood will be putting in claims to insurance companies on their Public Liabilities and Home and Office Insurance policies, claims are expected to run into millions.

PIP Breast Implants May Cause Claims Against Professional Indemnity Insurances or Medical - Mal Practice Insurances

It is suggested that because 'PIP' breast implants could have up to 10% failure rate, that private clinics should pick up the bill to replace these implants.

Mr Fatah the president of the British Association of plastic surgeons has suggested that the PIP implants may have a much higher chance of default than figures released by private clinics.

These should be a ethnical and moral obligation to replace the faulty implants. In any case woman who have had PIP implants may very well be putting in claims on plastic surgeons, professional indemnity insurances or their medical malpractice liability policies.

Irish Levy tax to affect all insurances including professional indemnity insurance

The new levy tax of 2% on all non-life insurance polcies except health, marine, aviation, cargo and re-insurance risks comes into affect on 1st January 2012. This new charge is to be added to the existing Irish insurance premium taxes.
The funds raised from this new levy are to pay for the losses from Quinn Insurance, which went into administration in 2010.
This will mean companies will be paying more for their professional indemnity insurance and public liability insurance from the beginning of 2012.

Possible medical malpractice claims

There is concern over cheap breast implants could lead to professional indemnity medical malpractice claims

There is serious doubts over some breast implants and thousands of women who have been advised to have them removed.

There has been several cases of cancer linked to a company called Poly Implant Prothese (PIP) and suggestion that these implants should be removed.

PIP was apparently one of the worlds largest suppliers of breast implants, the company has since been shut down and it's product banned based on it causing serious injury.

This of course opens up claims against the directors & officers insurance (if still operating) and of course against any professional indemnity insurance or medical malpractice covers.

The French authorities have already began a criminal investigation. Directors and officers could be charged and after the Health Product Safety Agency said that it could no longer exclude the possibility that industrial silicone was used in the implants.

FSA to Set Out New Mortgage Lending Rules to Reduce Future Liabilities to Spark P.I.I Claims

The City regulator the FSA is setting out new rules to avoid another problem with risky mortgage lending. IFA's mortgage brokers and banks will have to collect much more information and make sure that those people applying for mortgages can afford re payments without this new in-depth classifications at peoples finances before lending the industry may well find themselves facing claims against their professional indemnity insurance policies for not making sure that clients can afford the repayment of their mortgages.