Down on the farm

With the introduction of the Control of Asbestos at Work Regulations, farmers have had to manage the risk for their buildings. Edward Murray reports on how this has affected their insurance needs

Given the prevalence of asbestos in building, insulating and fire-resistant materials, almost every farmer in the country is likely to have been affected by the Control of Asbestos at Work Regulations

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Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

Stephen Wallace, McLarens

Steven Wallace is managing director of EMEA for global claims services provider McLarens and is the current president of the Chartered Institute of Loss Adjusters.