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The International Underwriting Association of London Ltd. is urging the construction industry to embrace reform to help improve the provision of professional indemnity insurance and has called for prioritizing quality construction and safety over cost-cutting, CIR Magazine reported. Insurers have handled many claims arising from fire safety issues and the use of cladding.
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Turkish airlines cancel flights to Iran and Iraq amid war concerns
6. Inflation drives 10% increase in sum insured for windstorms