Coverage-extension requests pick up in construction market: Argo
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Coverage-extension requests pick up in construction market: Argo

Jairo Ibarra
October 13, 2021
  • Show more sharing options
  • Print
  • X
  • LinkedIn
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.

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Construction Argo
jairo ibarra/jairo ibarra ii us.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article