Insurance Bureau of Canada (IBC) to Engage Risk Manager
Coast to coast, Condo Corporations have been facing steep increases to both premiums and deductibles. The IBC announced on Tuesday that a risk manager was being engaged to work with condominiums to increase awareness on how insurers view risk and evaluate properties. The risk manager would be able to provide guidance on what maintenance or actions can be taken by a Board to reduce risk. Read more on this on the Canadian Underwriter here. Our team looks forward to receiving more information from the IBC in the coming weeks to provide to our valued clients.