- Past tragic fires worldwide revealed the hazard and warnings
- Regulatory change needed
The magnitude of the tragic fire that engulfed London’s Grenfell Tower in June was preventable. That per a new whitepaper from FM Global, one of the world’s largest business property insurers.
The whitepaper, ‘Grenfell: The Perfect Formula for Tragedy,’ reports if automatic fire sprinklers were installed in the building, the fire likely would have been controlled in the room where it started. That could have prevented the highly combustible exterior from igniting. The whitepaper also examines how similar tragic fires in other corners of the world provide loss lessons for the future.
“The heights of new buildings are quickly rising worldwide and so has the fire risk. Automatic fire sprinkler protection combined with less combustible building materials must be enforced for new building designs,” said Chris Johnson, FM Global executive vice president. “Regardless of how efficient or resourceful the local fire service is, there’s a need for regulatory change.”
About FM Global
Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its client-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every three Fortune 1000 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.