Insurers Still Wary Of Fire Cover As Safety Reforms Loom

By Silvia Martelli (September 16, 2021, 4:49 PM BST) -- Insurers remain cautious about underwriting fire safety risks on projects to remove defective cladding from buildings as they fear that proposed legislation to improve safety will extend their historical liabilities, a survey published on Thursday found.

A survey by a trade body, the International Underwriting Association of London, has found that around two-thirds of respondents said they would provide a limited form of cover for fire risks on new high-rise buildings. Only 4% are willing to offer unrestricted protection.

"Insurers all have someone to provide fire safety cover, but it's certainly cautious at the moment — and it is almost always...

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