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747715

	registered interest
	date	03/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	House Insurance: High Rise Flats
	house id	1
	legislature	25259 pref label House of Commons
	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.
	tabling member constituency	Plymouth, Sutton and Devonport
	tabling member printed	Luke Pollard
	uin	2498
	answer	answer is ministerial correction date of answer 10/07/2017 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> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 2497 question first answered 10/07/2017 09:09:58 answering member 4095 label Biography information for Steve Barclay
	tabling member	4682 label Biography information for Luke Pollard

747714

	registered interest
	date	03/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Insurance: High Rise Flats
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what discussions he has had with the insurance industry on insurance for residents of tower blocks.
	tabling member constituency	Plymouth, Sutton and Devonport
	tabling member printed	Luke Pollard
	uin	2497
	answer	answer is ministerial correction date of answer 10/07/2017 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> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 2498 question first answered 10/07/2017 09:09:58 answering member 4095 label Biography information for Steve Barclay
	tabling member	4682 label Biography information for Luke Pollard