Although there is a glimmer of hope that construction costs might be easing, construction price hikes in 2022 across Australia were the highest ever recorded. The construction industry across Australia has been under significant pressure since the pandemic began, with contract work insurers seeing requests for insured sums increase by as much as 45%. The challenges may be even starker on the claims side.

Wes Rose and Tully Anders look at the challenges and some proactive approaches to managing the surging costs of property-related claims in this article. You can download the full update below.