Coverage-extension requests pick up in construction market: Argo
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Coverage-extension requests pick up in construction market: Argo

Jairo Ibarra
October 13, 2021
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Argo group logo Construction site.jpg

In the construction market, insurers are receiving more requests for coverage extensions as the Covid-induced economic slowdown has had long-lasting effects on the industry, specialty carrier Argo wrote in a recent report.

Argo said that available material prices have jumped 25% to 30% in recent months as projects that were put on hold restart, which is now further increasing the demand for construction materials.

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Jairo Ibarra
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