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International

High energy costs, economic risks push firms to skimp on insurance

October 14, 2022 Reprints

A survey by U.K.-based insurer RSA Insurance Group Ltd. showed that most insurance buyers in the U.K. are concerned about economic uncertainty and rising energy costs and are either reducing their insurance coverage or canceling their policies altogether as soaring costs bite, Reinsurance News reported. This has increased the risk of underinsurance for the U.K. businesses, according to 93% of the surveyed insurance brokers.

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High energy costs, economic risks push firms to skimp on insurance

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