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Former RIBA president reports 'very strong demand' for new PI insurance mutual | News - Vimarsana News

Former RIBA president reports 'very strong demand' for new PI insurance mutual | News

Show Fullscreen RIBA’s 66 Portland Place headquarters RIBA past president Marco Goldschmied has said his call to arms for architects to set up a new mutual provider to counter the rocketing cost of professional indemnity insurance has revealed “very strong demand” across the profession. Goldschmied, who was president of the institute from 1999 to 2001, last month urged small and medium-sized practices to flag their interest in setting up a not-for-profit insurance provider in the face of “extortionate” premium increases of up to 700%, blamed on fallout from the Grenfell tragedy. He ...

RIBA considers setting up mutual insurance company - Vimarsana News

RIBA considers setting up mutual insurance company

RIBA considers setting up mutual insurance company Source:  Shutterstock The RIBA is considering setting up a mutual insurance fund to provide cheaper professional indemnity insurance (PII) to practices, the AJ can reveal The idea has been proposed by ex-RIBA president Marco Goldschmied who argues insurance companies are ripping off architecture firms for PII cover – and that practices should club together and mutually insure one another. Advertisement Goldschmied has said a mutual insurance company should be backed by the RIBA, due to the need for hefty capital reserves to get started...

Construction industry gossip: Look on the bright side - Vimarsana News

Construction industry gossip: Look on the bright side

Crayons at the ready As harassed parents bask in the warm glow of half-term and a break from Google Classroom, even former RIBA presidents have been mucking in with teaching from the dining room table. As well as setting up a new business, Jack Pringle, formerly of Perkins + Will before leaving last autumn ahead of launching a new venture this spring, has been helping his eight-year-old daughter with home‑schooling. “I’m rather enjoying it,” he told my hack. That was, I would point out, a few weeks ago. String theory In anticipation of this month’s project I read an interview the ar...

Campaigners launch fight to save Finch's Brixton office tower | News - Vimarsana News

Campaigners launch fight to save Finch's Brixton office tower | News

Show Fullscreen International House in Brixton Supporters of the south London borough of Lambeth’s municipal architecture created under the auspices of Ted Hollamby have launched a campaign to save a 1980s office block from redevelopment. Twelve-storey International House was part of George Finch’s Brixton Recreation Centre development, begun in the early 1970s but only completed in 1985. While the Rec was listed at grade II in 2016, an application to include International House in the listing was rejected. International House was originally designed to be council offices but is currently...

Insurance crisis: a ticking timebomb for architects - Vimarsana News

Insurance crisis: a ticking timebomb for architects

Insurance crisis: a ticking timebomb for architects In the wake of the Grenfell tragedy, professional indemnity insurance premiums have soared while exclusions have ballooned, an AJ survey shows, with 90% of practices worrying that this could threaten their businesses. Will Ing reports Advertisement ‘With the effect of Covid-19 on turnover, any further premium increases will make our business commercially unviable,’ one North West-based architect says. These are fears shared by an alarming number of architects, according to the AJ’s study. As a partner in a London practice says: ‘PII...