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 …
A high-rise tower caught fire Tuesday in the United Arab Emirates and authorities said it wasn’t immediately clear what caused the blaze. The sides of the 48-floor Abbco Tower in Sharjah saw flames shoot up them. The city neighbors Dubai. …
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 …
Police say a door from a London high-rise that went up in flames, killing 71 people, has failed an expert fire safety test. The Metropolitan Police force said Thursday that an undamaged door from Grenfell Tower withstood flames for only …
An interim review into UK building regulations commissioned after the Grenfell Tower social housing block fire in London which killed 71 people in June, has called for a “culture change” in respect to fire safety. The review, sponsored by the …
London police are considering a variety of criminal charges related to the June fire at Grenfell Tower that killed 71 people. Police told an inquiry Monday [Dec. 11] that the possible charges include misconduct in public office, manslaughter, corporate manslaughter …
Insurers are considering raising premiums for tall buildings in Britain with flammable cladding panels and no sprinklers or even excluding related risks following the Grenfell fire in London earlier this year. Inquiries into the tragedy, which killed up to 80 …
The bill for compensating families of those who died in the Grenfell Tower fire in London may be as low as 4 million pounds ($5 million), according to several lawyers and a Reuters analysis of how damages laws apply in …
American International Group Inc., the provider of commercial insurance, told regulators it could face claims costs from the Grenfell Tower fire that killed dozens of people in June in London. “Our net exposure to loss on this event is currently …
