Negligence claims against advisers jump, finance firm claims

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.

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