Rising material costs prompt underinsurance warning

steel prices

Issues within global supply chains are pushing up the prices of raw materials, leaving brokers forced to increase policy limits to ensure repairs and rebuilding work is covered by insurers

The UK insurance industry is buckling under the soaring price of raw materials, which is threatening to plunge millions of policyholders into an underinsurance black hole. Journalist Jon Guy explores the key issues and market response.

Read more…

(If you’re already a subscriber, please sign in here.)

Get access with a 14-day free trial

This article is usually available exclusively to subscribers.

Subscribe for full access - Take out a print and online or online only subscription

For a limited period, you can enjoy all the benefits of an online subscription free for 14 days. Sign up now to read this article in full and to enjoy unlimited access to premium online content, a digital edition of the latest issue, plus an online archive of back issues.

Also, as a registered user, you will be able to -

  • Access unlimited breaking industry news as it happens
  • Sign up to a choice of daily and weekly newsletters

Register to view free premium content