Analysis

‘Broken’ insurance industry must find fire insurance solution following Grenfell

By David Blackman 2021-03-09T13:13:00

high-rise flats

Brokers attempt to pick up the pieces as insurers shun high-rise block exposures, however broker trade body believes it would be ‘disappointing’ if the industry failed to find a workable solution for a risk the sector has been insuring for centuries

The insurance landscape following the Grenfell Tower fire has been described as “broken” by some MPs. Insurance Times explores the drivers behind current market challenges and how the industry is trying to rectify the situation.

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