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News InsuranceLegislation / Regulation

B.C. proposes ‘first step’ amendments to laws governing condo insurance

June 23, 2020 THE CANADIAN PRESS

VICTORIA – The B.C. government says proposed legislation it has introduced takes first steps to address concerns about sky-high costs and availability of insurance for condominiums and other shared properties. Housing Minister Selina Robinson says the legislation proposes to amend

News Commercial LinesEarnings / RatingsInsurance

Aviva CEO’s take on what to expect in Canada’s condo lines

March 6, 2020 by David Gambrill

Look for rate increases in Canada’s commercial residential realty segment to continue apace in 2020, but perhaps taper off in 2021 and beyond, Aviva Canada’s president and CEO predicted Thursday. And as rates harden in condo lines, expect Aviva Canada

News InsuranceRisk

How to reduce a condo corporation’s insurance premiums

January 15, 2020 by David Gambrill

With condo insurance premiums on the rise – in some jurisdictions, premiums have reportedly increased by 780% — and coverage scarce, legal counsel and Canadian Underwriter readers have a few ideas for the Insurance Bureau of Canada’s forthcoming risk manager

News AdjustersClaimsInsuranceLegal

Condo flooding liability 101

April 18, 2019 by David Gambrill

You are the owner of a condo unit. The toilet in the condo unit above you overflows, causing water damage to your ceiling and floor. No, your upstairs neighbour does not have to reimburse you for your $1,000 insurance policy

News Legal

Landlord sued over $16,000 water leak wins appeal

November 28, 2018 by Greg Meckbach

A major water leak from a Surrey, British Columbia strata unit has spawned debate among judges over whether landlords are liable in such cases. Crystal Thomas was renting a condo unit in Surrey in the summer of 2015. A large

News InsuranceMarkets / Coverages

Condo insurance: who’s responsible for dryer vent condensation?

November 30, 2017 by Canadian Underwriter

A strata corporation is partly on the hook for water damage to a condo unit arising from a buildup of water in a dryer vent, but there is no indication the damage is covered by the strata company’s insurance. Adding

News CatastrophesClaimsClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

SGI Canada customers evacuated by Saskatchewan wildfires have mass evacuation coverage

September 5, 2017 by Canadian Underwriter

SGI Canada policyholders in areas affected by the wildfires in northern Saskatchewan will have mass evacuation coverage in place for 30 days and should be assured that personal and commercial property policies will not be cancelled for 30 days in