No increase in limits of liability in UK says Marsh study

Since 2004, UK firms have not increased their levels of insurance protection limits purchased despite increased litigation action, product recalls and supply chain risks. This is according to Marsh in its annual global study, “Limits of Liability 2006”, which found that when comparing companies year-over-year for three years, the average limits purchased increased by only 1.8% in 2006 to €67mn, the same figure as 2004, after decreasing to €66mn in 2005.