A leading insurance broker has warned the construction sector faces "huge increases" in premiums when policies come up for renewal next month, after last year's Grenfell Tower fire. "Since the tragedy, there has been huge concern in the insurance market about fire safety and the use of certain types of composite panelling and cladding on buildings," said Ian Gregory, director at specialist insurance broker MPW, in an article for CM. "Attention is on buildings over 18m in height, with a focus on aluminium composite material (ACM) panels - the type used on Grenfell.
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