Buildings: Insulation
The question
To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of the potential implications for her policies of the National Audit Office's report entitled Dangerous cladding: the government’s remediation portfolio, published on 4 November 2024; and whether she plans to take steps to tackle high insurance premiums on flats affected by building safety defects.
Answered by Alex Norris
My officials and I have carefully considered the National Audit Office’s recommendations and expect to come before the Public Accounts Committee next year.
The Deputy Prime Minister will also set out shortly, further steps on remediation, as promised by the Prime Minister on 4th September 2024, following publication of the Grenfell Tower Inquiry final report.
Buildings insurance premiums remain high for many leaseholders in buildings with fire safety issues, who have been paying too much for too long.
The Fire Safety Reinsurance Facility, led by the Association of British Insurers (ABI) and reinsurance broker McGill and Partners, launched in April 2024. The Facility aims to increase capacity in the market and may reduce high premiums for some of the most affected multi-occupancy buildings with fire safety issues.
The Government has been monitoring the use and impact of the Facility and will provide an update in due course.
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