Manufacturers cry foul on insurance premiums spike

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Insurance Regulatory Authority CEO, Godfrey Kiptum at the institute's offices at Upperhill, Nairobi. PHOTO | KANYIRI WAHITO | NMG

Manufacturers have cried foul over a spike in insurance premiums, warning that some firms will forego coverage due to the hard economic times they’re facing.

Increased insurance premiums have been a major factor affecting manufacturers who seek cover against fire risks, machinery breakdown and industrial risks.

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