No room for complacency.
The liability problem has rumbled on for too long and the industry has been incredibly slow to react. Now that it has reached crisis point there can be no more excuses.
The liability insurance market has now reached crisis point andconcerted and determined action is required to remedy the situation. The
appropriate cover is not being granted nor the increases in rates
required.
Loadings are of such magnitude that some companies are now unable to pay
the increases, meaning they are either unable to continue trading or are
conducting business without suitable cover.
The critical situation has arisen for many reasons, including the current
claims culture, the rise of
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