Property insurers have forced “crippling costs” onto residents of apartment blocks in the aftermath of the Grenfell disaster, the U.K. government said as it requested a review of the market. Some residents in medium- and high-rise buildings have seen their …
Britain has ordered housebuilders to pay around $5.4 billion to help remove dangerous cladding from buildings following a deadly 2017 London fire that left government, developers and owners at loggerheads over how to make properties safe. The blaze at Grenfell …
Insurers have revealed a cautious willingness to underwrite fire safety risks on new projects to remove defective cladding from high rise buildings. Around two-thirds of respondents to a survey by the International Underwriting Association (IUA) stated they would provide a …
Aviva Plc, the UK insurer and asset manager, warned the government that new safety proposals for high-rise apartment blocks could steer institutional investors away from the residential property market. The company last year urged the government to consider how its …
The chairman of the inquiry into a London apartment building fire that killed 72 people wrote Britain’s attorney general Thursday to ask for a pledge to prevent evidence provided by corporate witnesses from being used in subsequent criminal prosecutions. Martin …
Firms involved in building work on London tower bloc that caught fire have sidestepped any responsibility for the 2017 tragedy that killed 72 people, a lawyer for the inquiry said. As the second phase of an inquiry into the Grenfell …
British Prime Minister Boris Johnson Wednesday vowed to speed up efforts to make sure the dangerous cladding used in the Grenfell Tower is removed from other high-rise buildings before there is another tragic fire. Speaking on the day a damning …
Shares in Protector Forsikring fell 12% on Wednesday after the Norwegian insurer warned about a second-quarter loss, partly because it had lost an arbitration case related to the 2017 Grenfell Tower fire in London. It said the quarterly loss would …
Three U.S. companies have been slapped with a wrongful death and products liability lawsuit for manufacturing products linked to London’s Grenfell tower fire. The fire, which has been called the worst UK residential fire since the 2nd World War, killed …
Residents of London’s Grenfell Tower were wrongly told to stay in their apartments as fire raged through the high-rise building nearly a year ago, aided by flammable external cladding and a host of fire-safety failings, an expert report said this …
