Michael Gove slams "neither fair nor decent" high premiums for leaseholders
Gove wrote to the Financial Conduct Authority to respond to its interim findings on the key drivers of high premiums for buildings insurance for multiple-occupancy residential buildings.
In a letter to Sheldon Mills, FCA executive director – consumers and competition, dated 13 May, Gove responded: “I welcome the focus on potential harms. I have previously expressed concerns regarding the affordability and availability of insurance for leaseholders in flats with fire safety issues.
“It is
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Regulation
Most read
- Amanda Blanc says she feels “responsible” for addressing industry sexism
- Goldman Sachs buys into Clear as ECI exits
- GRP expands in Wales with Prescott Jones buy
- Blog: Stonegate v MS Amlin and others - battle lines drawn in a £1bn dispute
- 30 minutes with: Axa’s Alan Scott
- Gallagher buys Innovo as “launch-pad” into Ireland
- People Moves: 20-24 June 2022