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star this property registered interest false more like this
star this property date less than 2017-07-03more like thismore than 2017-07-03
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading House Insurance: High Rise Flats remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment he has made of whether residents of tower blocks are encountering difficulties in renewing their home insurance after the Grenfell Tower fire. more like this
star this property tabling member constituency Plymouth, Sutton and Devonport more like this
star this property tabling member printed
Luke Pollard remove filter
star this property uin 2498 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-07-10more like thismore than 2017-07-10
star this property answer text <p>The Government is determined that insurers should treat customers fairly and firms are required to do so under the Financial Conduct Authority (FCA) rules. The FCA sets the conduct standards required of insurance firms which aim to ensure consumers are treated fairly. This includes ensuring fair access to insurance products for all consumers.</p><p> </p><p>The Chancellor has discussed the Grenfell tower disaster with leading industry representatives to get an understanding of how they may respond, and any possible impact on insurance for residents. The industry have said that it is too early to properly understand the implications, so have not yet made any changes to their underwriting models or pricing strategies.</p><p> </p><p>The Treasury has also been in contact with the relevant insurance companies reported to have refused home insurance for residents living in tower blocks. Both companies have assured officials that no individuals in the tower blocks have been refused access to home insurance as a result of the fire at Grenfell Tower, but we remain in regular contact with the insurance industry to understand how it may shape their view of fire risk. The Treasury will continue to monitor the situation and will investigate this matter further if it sees evidence of customers in tower blocks being treated unfairly.</p><p> </p>
star this property answering member constituency North East Cambridgeshire more like this
star this property answering member printed Stephen Barclay more like this
star this property grouped question UIN 2497 more like this
star this property question first answered
less than 2017-07-10T09:09:58.97Zmore like thismore than 2017-07-10T09:09:58.97Z
unstar this property answering member
4095
star this property label Biography information for Stephen Barclay more like this
star this property tabling member
4682
unstar this property label Biography information for Luke Pollard more like this