Restricted cover at greatly increased costs outrages businesses

The relationship between UK insurers and their corporate clients has deteriorated significantly over the last six months. Companies not only resent the steep premium rate increases and the strict limits on coverage imposed on them but are also very critical of the way the insurance industry has so abruptly changed the terms of trade. The relationship is now at its lowest point in 10 years but a more precise indicator of its current state is the fact that companies have only limited sympathy for the pressures that the events of 11 September have put on insurers.