As of 27th November 2020, BLP Insurance, which offers housing warranty insurance and commercial development latent defects insurance, and Allianz Global Corporate & Specialty (AGCS), will end their partnership for residential, commercial and mixed-use IDI.
Great exposure for the 7D BIM research project and BLP as partners, in Building Magazine. A three-page feature is in print and can be viewed online here.
Building activity in Q3 2019 fell at the second-fastest rate since April 2009, as the UK construction sector remains stuck in a downturn, according to the latest Construction PMI figures. According to Construction PMI figures, a historically steep drop in new orders was also registered, while firms scaled back employment at the fastest rate since the end of 2010 due to unfavourable demand, client hesitancy and low confidence.
From 27th November 2020, BLP Insurance, which offers housing warranty insurance and commercial development latent defects insurance, and Allianz Global Corporate & Specialty (AGCS), have ended their partnership for residential, commercial and mixed-use IDI.
Following the release of today’s Construction PMI figures, Phil Harris, Director at BLP Insurance, comments on the sector: “With figures showing little forward momentum after a fifth consecutive month of industry contraction, the Brexit squeeze continues to take its toll. The summer malaise has endured into the autumn as major projects continue to be hit by delayed starts, refinancing and tweaks in planning. After an injection of infrastructural promises following the change of government, inertia has crept back in and progress is back on ice."
Over half of residential property owners in the UK would consider living permanently in an unconventional type of home such as a boat, tree house, converted barn or warehouse to have a more creative and interesting home life and escape the pressures of modern life according to a recent survey from BLP Insurance, a specialist residential warranty and commercial latent defects insurer.