One third of UK underwriters are willing to cover fire safety risks in building works to replace defective cladding, and nearly all of the remaining two thirds offer only partial coverage. Three quarters considered that the UK construction industry has not yet learnt the lessons of the Grenfell fire tragedy. Questions remain about accountability, supply chain management and “lowest cost culture”. The International Underwriting Association of London surveyed 26 insurance underwriters active in the sector. The association hopes that the new UK Building Safety Bill will help resolve issues of accountability for fire safety and encourage investment in building quality.
“IUA survey shows cautious support for building recladding but urges construction sector to do more”, 16th September 2021 https://staff.iua.co.uk/IUA_Member/Press/Press_Releases_2021/IUA_survey_shows_support_for_building_recladding_but_urges_construction_sector_to_do_more.aspx