All Construction articles – Page 2
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News
Business interruption and natural catastrophes top risks facing construction sector
’Property damage and business interruption losses are now likely to be significantly higher than before Covid-19,’ says director
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News
Construction sector requires support from insurance firms in UK’s net zero transition – UKGBC
Risk perception around a secondary materials market needs to be addressed, says the council
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News
Miller launches new D&O product for construction sector
The broker said the product ‘plugs gaps’ in currently available broader D&O coverage
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News
Recession hits construction firms hard
To avoid insolvencies, the insurance industry has a responsibility to provide clarity and understanding for clients
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Analysis
The Big Question October 2022: What is the current state of play in the construction professional indemnity market?
Insurance Times asks industry leaders about the current construction PI market as headwinds hit the sector following the likes of the Grenfell Tower tragedy
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News
Rokstone targets ‘go-to’ status with trio of senior engineering underwriter hires
The three appointees join from Globe Underwriting and all have previously held roles at Pioneer
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News
IUA tackles high-rise fire safety risks with new model insurance clause
The representative body hopes that its new clause will provide underwriters with ‘greater confidence to offer effective insurance solutions’ to firms that are working to remove dangerous cladding from high-rise buildings
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News
Rates for builders’ risk construction cover increased by 5% year-on-year in London market
Higher sub-limits and extension limits for these policies in London give the market ‘a competitive differentiation’, says broker’s head of international construction
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IT Interview
Markel UK attributes four star report rating to sustainability focus
The insurer has also sought to ensure that Covid-19 has not been ‘an excuse not to pay’ claims, says divisional director
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News
Insurers must prepare to pay interim material costs for cashflow concerned builders
Insurers ‘can expect a much wider range of project costs than normal’, predicts senior surveyor
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News
Commercial property premiums face 2022 rises as costs soar
Materials cost index reveals rising costs and added pressures
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News
UK construction plant fire claims doubled in 2020 – HSB
The claims surge can be attributed to the pandemic, says product lead
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News
Property and finance services consultancy launches insurance broker
Managing director says the firm will offer ‘choice’ amid ‘a consolidated landscape’
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News
McLarens launches new independent surveying business
The initiative ‘marks a hugely positive step in McLarens’ evolution’
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Features
Industry demands change to build sustainable construction PI market
Trade association believes historic liabilities following 2017’s Grenfell Tower tragedy will lead to current claims exposure for insurers providing professional indemnity within the construction sector
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News
Aston Lark expands construction offering with new industry buys
Group chief executive says the firm’s latest purchases will help it continue to ‘grow in construction insurance’
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News
Biba backs government’s extra £3.5bn cash injection to address cladding dilemma
The trade association will continue working with government to deliver a targeted, state-backed indemnity scheme
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News
Manifesto 2021: Biba to work with government on cladding insurance issues post-Grenfell
In Biba’s latest manifesto themed ‘Resilience’ launched today, the trade body has deemed the ongoing problems with cladding for professional indemnity insurance and buildings insurance “vital to resolve”
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News
PIB Group launches 2021 acquisition strategy by purchasing construction broker
PIB chief executive says the acquisition marks ‘the start of many more exciting developments to look forward to this year’ as the business plans to grow in Europe
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