Fatal Blaze May Make High-Rises Uninsurable, Expert Warns
Law360, London (June 19, 2017, 11:54 AM BST) -- High-rise buildings clad with the most dangerous type of insulation material may become uninsurable after a fatal fire tore through a 24-story residential block in London, a leading expert in catastrophe-modelling has warned.
Robert Muir-Wood, chief research officer at Risk Management Solutions, said experts have no idea how many high-rise apartment buildings could be at similar risk in the U.K. and other countries in the aftermath of the June 14 tragedy.
The Metropolitan Police said on Monday they believed that 79 people were dead or missing presumed dead after a massive fire gutted Grenfell Tower in North Kensington, a figure which police...
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