Mactavish warns that ‘premiums are rising dramatically’ due to hardening market

rising rates

In addition, the firm believes there has been a ‘considerable erosion in the quality and extent of the insurance cover offered to policyholders’, which may not have been flagged by brokers

Commercial policyholders may encounter “drastic premium increases” as insurers look to improve margins amid a hardening market, said independent outsourced insurance buyer and claims resolution business Mactavish.

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