Compliance Monitor
FCA to address "significant concerns" found in Grenfell-style building insurance
Reduced premiums and cross-industry pooling arrangements are among the proposals being put forward for the high-rise and multi-occupancy buildings insurance market by the FCA.
By Neasa MacErlean
In a
report on the market, the regulator found that premiums more than doubled as insurers left the sector in the wake of the 72 deaths in the 24-storey
Grenfell Tower fire in 2017.