Mr Gove warned a lack of new policies being offered from insurers was forcing people to shop in a limited market place and "in many cases, trapping people with their current provider".
James Dalton, director general of insurance policy at the Association of British Insurers , said it recognised and sympathised with "the challenges leaseholders are facing". "This is especially important as most leaseholders pay for buildings insurance through service charges, and cannot shop around to find the best deals," he said.
He said businesses who manufactured combustible cladding and insulation "must pay now, instead of leaseholders".Recent figures show almost five years on from the Grenfell Tower fire, 40% of buildings in England with the same type of cladding have not been made safe. The FCA said a key factor in the price of insurance policies was the insurers' assessment of risk, which it said had been affected by unsafe cladding.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
National Insurance: No 10 insists planned rise will go aheadDowning Street says PM and chancellor are 'fully committed' after some Tory MPs call for a delay. amazing that the Tories prioritised increasing the taxes on thee working poor, wrote off several billion they gave to fraudsters, prioritised cutting tax on the rich, increased vat and closed a loophole that benefited people who work low tax for the rich high tax for the poor the must have an endless supply of these photos “Yeah i agree this is totally unfair and unjust” *Keeps voting Tory*
Source: BBCNews - 🏆 3. / 97 Read more »
Middle income earners ‘to be hit hardest’ by national insurance riseWorkers on £30,000 to £50,000 will pay higher percentage of salary than those on £100,000, figures reveal I’ve just about had it with these utter scumbags. Frivolous and profligate with ‘our’ money when it suits them, then they plead poverty and demand that we give them even more. I work my arse off for my money and I object to giving yet more of it to the Govt… Just keeping us hard working plebes in our place. To be honest the ladder has always been pulled up on small businessman and women by both political parties. Looks like the low income earners will be paying the same as the high earners. Isn't that a bigger rotten deal ? NationalInsurance
Source: The Guardian - 🏆 84. / 53 Read more »
US school district bans Pulitzer-winning graphic novel about HolocaustAuthor Art Spiegelman said he was ‘baffled’ by the school board’s decision and called it ‘Orwellian’
Source: Evening Standard - 🏆 102. / 51 Read more »
Ofcom to investigate Channel 4 over subtitle outageThe broadcaster experienced several major outages last year, prompting calls for action.
Source: BBCNews - 🏆 3. / 97 Read more »
Tennessee school board’s ‘demented’ ban on Holocaust novel Maus met with angerPulitzer prize-winning author Art Spiegelman called the decision ‘demented’
Source: The Independent - 🏆 80. / 59 Read more »
Steelers’ Ben Roethlisberger calls time on ‘exhilarating’ 18-season NFL careerTwo-time Super Bowl champion Ben Roethlisberger has announced his retirement from the NFL
Source: The Guardian - 🏆 84. / 53 Read more »