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IUA TACKLES HIGH-RISE FIRE SAFETY RISKS WITH NEW MODEL INSURANCE CLAUSE

"The representative body hopes that its new clause will provide underwriters with ‘greater confidence to offer effective insurance solutions’ to firms that are working to remove dangerous cladding from high-rise buildings.

The International Underwriting Association (IUA) has published a new model insurance clause that covers fire safety risks."

(Insurance Times - September 2022)

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SCOTLAND FIRE ALARM CHANGES: INSURERS REACT

"Scotland’s leading home insurance providers have assured policyholders that their coverage will not be invalidated should they fail to meet the new smoke alarm regulations that the government is set to implement on February 01.

This comes amid concerns that non-compliance with the legislation – which will require homes to be fitted with interlinked fire alarms, with a smoke alarm in every room and hallway – will result in the invalidation of home insurance claims."

(Insurance Business UK - January 2022)

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FIRE SAFETY REFORM AND PI WITHDRAWAL CREATES ‘EXISTENTIAL MOMENT FOR THE INSURANCE INDUSTRY’

“Four years on from the Grenfell Tower fire, industry experts debate the draft Building Safety Bill and what has been done so far to address fire safety

Hikes in insurance premiums only add to the financial stress of the fire safety problems that were exposed after the Grenfell Tower fire in 2017, according to Neil O’Connor, director of building safety policy at the ABI and part of the Ministry of Housing Communities and Local Government (MHCLG).”

(Insurance Times - July 2021)

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FIRE SAFETY REPORT REVEALS SHOCKING IGNORANCE AMONG SOME LETTINGS AGENTS

“The lettings industry is facing a ticking time bomb over fire risk in residential blocks, a new report has highlighted just a few days before the government’s post-Grenfell Fire Safety Bill becomes law.

Services giant JLA, which has drawn up the lengthy report into competency and attitudes to fire risk across several industries including property management, says it found that despite being seen as a reliable source of information for advice, 22.2% of estate agents and letting agents admitted to not knowing how to carry out a full fire risk assessment.

This figure is all the more shocking given the current national debate around safety in residential blocks following the Grenfell Tower tragedy..”

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