Did you know that the foundry industry in the US is currently facing a major challenge with soaring property insurance costs? US manufacturers are facing skyrocketing property and casualty insurance costs, with some premiums expected to double or even triple. According to Reuters, US manufacturers are feeling the impact of these high insurance costs. This is definitely not good news, but it’s important to stay informed about the challenges that the foundry industry and other manufacturing industries are facing. However, the cost of insuring everything from homes to cars in the US has surged in recent years.

Timothy Aeppel of Thomson Reuters has written an article describing the difficulties that companies operating capital equipment, like foundries, are facing with the rising insurance costs are going up rapidly because some insurers no longer want to be in this space.

Read the full article on the Reuters website.