Brit case could up timber premiums
Brit Insurance Holdings' £2.6m claim against Taylor Wimpey could be a catalyst for insurers increasing premiums and restrictions on timber frame cover.
The insurer is seeking damages from Taylor Wimpey and timber frame specialist, Brendan Flynn Construction, to cover rebuilding, temporary accommodation and resident possession damage costs, after a timber framed block was destroyed in a fire in June 2008.
Michael Gregory, managing director of JCB Insurance Services, said: "If this case shines a light on an industry issue that some contractors are cutting corners that result in a material alteration of how a risk should perform, then I would
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