Briefing: Brokers could be ‘on thin ice’ where commission sharing is concerned

buildings insurance freeholders leaseholders

The ground is shrinking beneath brokers and insurers still involved in the process of shafting leaseholders

The regulator, government and the judiciary are aligned on changing a set of rules that have long served to cut the beneficiaries of an insurance policy out of important decisions on where to source their protection.

Back in 2022, soon after I joined Insurance Times, I wrote about how leaseholders in multioccupancy buildings were being shafted by rules which meant that, while they paid for their building’s insurance via service fees to a building management agent, they had no input in the buying process.

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