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Power companies undervaluing property by up to 30% says Willis

In an industry that is being squeezed to maximum capacity by unprecedented demand and skyrocketing equipment, commodities and labour costs, under-insurance could prove disastrous for power companies when the time comes to make a claim.

This is one of the key findings of the first Utility Market Update produced by the Global Markets International team of Willis Group Holdings. The report looks at how rapid changes and new challenges

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Graeme Reynolds, director of competition and interim director of insurance at the Financial Conduct Authority, takes centre stage in the latest Insurance Post Podcast, setting out the regulator’s key priorities for the market.

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