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Insurers work to improve professional indemnity market

Posted On: Nov. 8, 2019 5:22 AM CST

Australian construction site

The Insurance Council of Australia is working with the state governments to improve conditions in the professional indemnity insurance market in the construction industry and restore insurers' confidence in the building sector, Asia Insurance Review reported. Meanwhile, the council expects that a building cladding exclusion may be required beyond the currently prescribed date of mid-2020.

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