Government not open to options on insurance costs after Grenfell fire

By Martin Croucher (May 17, 2022, 11:01 a.m. BST) – The government has told the finance watchdog it will consider all options to reduce the cost of insurance for residents of high-rise buildings, who have been dogged by rising premiums since the deadly fire at Grenfell Tower.

Michael Gove, the Housing Secretary, said in a letter published on Monday that he would be open to requests from the Financial Conduct Authority for new statutory powers to allow it to tackle the growing problem.

The government has asked the FCA to investigate why premiums have continued to rise for tenants of high-rise buildings, even though safety measures were introduced after the fire…

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