Housing market hit by rise in writs against surveyors - Telegraph
The high level of claims being brought by banks and other lenders is leading to a near doubling in insurance costs for some surveyors and millions of pounds in exceptional costs. One surveyor, Countrywide, has been served with nearly 50 writs in recent months.
Insurers such as US giant Travelers have pulled back from the increasingly litigious market.
Paul Dinwoodie, director at insurance broker Heath Lambert, said: "Surveyors undertaking valuation work have been hit terribly by huge hikes in insurance premiums. In the main, the claims records of these firms has been dreadful.
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