Analysis

Insurance industry left to shoulder risk in Grenfell fire aftermath

By 2020-08-25T11:47:00

Grenfell burnt

How can you put a price on Grenfell? The insurance industry has been left to shoulder the risk of safety measures that resulted from the inquiry, despite building safety and standards further deteriorating for high-rise buildings.

The insurance industry has been left to shoulder the risk for the failure of building safety and standards, something which the Grenfell Tower fire in June 2017 shone a spotlight on.

Leaseholders in high-rise buildings have therefore been slapped with extortionate insurance premiums as a result of this increased risk for buildings of the same nature. 

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