Buildings: Insurance

(asked on 24th April 2023) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, what recent progress he has made on implementing the recommendations of the Financial Conduct Authority in its Report on insurance for multi‑occupancy buildings, published in September 2022.

Answered by
Lee Rowley Portrait
Lee Rowley
Minister of State (Minister for Housing)
This question was answered on 3rd May 2023

The Department works closely with the Devolved Administrations to discuss shared challenges, including regarding properties affected by cladding, wider building safety and related insurance issues.

On the 30 January 2023, the Secretary of State for Levelling Up, Housing and Communities announced that we will act to ban property managing agents, landlords and freeholders from receiving commissions and other payments from insurance firms, replacing such payments with more transparent fees.

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