Insurers’ response to liability crisis

Following approaches from government officials, the Association of British Insurers (ABI) and the British Insurance Brokers’ Association (BIBA) are to hold a seminar on 6 September aimed primarily at higher risk industries who are most affected by cost and lack of cover, such such as construction, quarrying and mining. Among issues likely to arise are pooling arrangements for certain industries. A similar problem faced scaffolding companies in the 1970s and, on government request, the insurance industry came up with the solution of a pooling arrangement and risk management programme.