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UK insurers should treat customers fairly over cladding concerns, FCA says

( April 30, 2021, 16:00 GMT | Official Statement) -- MLex Summary: Insurers should consider whether buildings cover provides fair value for customers in properties that are clad with potentially combustible materials, the UK’s Financial Conduct Authority has said. The regulator has published guidance for insurers providing cover for leasehold apartment buildings, following a growing scandal in the UK as owners face soaring fire-safety costs.Statement follows...

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