Month: September 2018

In November 2016, reforms to HBCF were announced. Risk-based pricing The introduction of risk-based pricing means building contractors are offered premium prices that reflect their individual level of risk. This will reduce the subsidisation of higher-risk contractors by their lower-risk counterparts. Risk-based pricing also provides an incentive for building contractors to reduce their risk to … Read more

iCare HBCF insurance is not financially sustainable and without reform, this will compromise its ability to protect homeowners now and into the future. Premium prices have not kept pace with the insurance claims experience of the fund and pricing did not cover claims costs and other related expenses. New Premium prices effective from 2nd October … Read more