11 Professional Indemnity Insurers facing law suit from Standard Life

Back in February 2009, Standard Life was obliged to pay some £100m into its Pension Sterling Fund; a sum of money which the company believed would be covered by its 11 professional indemnity insurers. However, the insurers are refusing to indemnify Standard Life for the transaction and, as reported on moneymarketing.co.uk, the company is now pursuing a claim against them in the Commercial Court.