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The Guardian - UK
The Guardian - UK
Business
Ben Quinn

Gove requests review of spiralling insurance for flats with unsafe cladding

Contractors undertake work at a property in Paddington, London, as part of a project to remove and replace non-compliant cladding.
Workers tackle cladding safety at a property in Paddington, London, as part of a project to replace non-compliant cladding. Photograph: Jonathan Brady/PA

A review of the “crippling” insurance costs faced by residents in some buildings with unsafe cladding is to be undertaken by a watchdog, at the request of the government.

Michael Gove, the communities minister, has asked the Financial Conduct Authority (FCA) to establish within six months why insurance premiums have shot up for many customers while work started after the Grenfell tragedy to remove cladding from many sites.

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