Adviser PII price hike 'to hit in 2010'

London-based insurer Collegiate last year warned of a significant increase in PII costs for financial advisers as a result of increased claims brought about by heavy drops in investment returns. Although it is yet to see significant price shifts across the industry, it expects that to change during the next year. "Claims have been through the roof, as you would expect really with investment returns down 40%," underwriting director Richard Turnbull says. "But I don't think it has really filtered through yet. "We said there would be a 50% increase in PII costs and I still think that ...