The cost of property and business interruption cover for UK companies has remained stable over the past year, despite the big losses sustained by insurers in 2011. The third Airmic Property Damage and Business Interruption survey, sponsored by Willis, found that those respondents who had experienced rate increases were offset by those reporting decreases. Forty per cent reported no change in their rates.
The survey took place in July 2012, with 136 Airmic members taking part.
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