For years leaseholders have been facing issues with the opaque residential building insurance regime – whether the cartel-like behaviour of the insurers, clear conflicts of interest and secretive commission arrangements between freeholders, brokers, managing agents and insurers or the simple fact that we have no ability to influence the selection of the insurer and no redress once exorbitant premiums are forced onto us.
Continue reading “Relief from exorbitant insurance costs needed urgently”For some years we have been aware of, and faced directly, issues in the opaque residential building insurance regime. There has long appeared to be evidence of cartel-like behaviour by the insurers, with apparent conflicts of interest between freeholders, brokers, and insurers, meaning the building insurance that leaseholders are forced to pay for is not, and never has been, fair or fit for purpose.
We met with Lord Greenhalgh and MHCLG officials on 22 July. Our detailed notes of the meeting are below. We expect the next meeting to take place after the summer recess.
Our previous meeting with MHCLG was on 26 May (see meeting notes); you may also want to check the notes of our March roundtable with MHCLG, ABI and BIBA.
Continue reading “Summary of Meeting Between Resident Groups, Lord Greenhalgh and MHCLG”On Wednesday 26 May, we met with Lord Greenhalgh and members of MHCLG’s Building Safety Team to discuss progress.
Continue reading “Meeting with Lord Greenhalgh and MHCLG officials”EOCS campaigners met representatives from the Association of British Insurers (ABI) and the British Insurance Brokers’ Association (BIBA) along with Lord Greenhalgh and Ministry of Housing, Communities and Local Government (MHCLG) civil servants on March 11th.
Continue reading “Our insurance meeting with ABI and BIBA”On Monday 1st March, End Our Cladding Scandal campaigners had a meeting with Lord Greenhalgh and officials from the MHCLG building safety team.
As you can imagine, we had a packed agenda, with many questions. Unfortunately, we didn’t get many clear answers. Below are the key points from our meeting. We have requested minutes from the meeting for us to be able to properly track the actions; these are still awaited. One of our main frustrations relating to the meetings we’ve had with the MHCLG civil servants is that we have been promised documented actions for over six months, but these have not been forthcoming.
Continue reading “Meeting with Lord Greenhalgh and MHCLG”Insurance Post invited a Birmingham leaseholder and insurance broker to give her insider perspective on the buildings insurance premium increases currently faced by leaseholders caught up in the building safety crisis.
Continue reading “I am a broker and a leaseholder: insurers and FCA must push for cladding crisis solution”