Dear Tony: Our strata council entered into a contract to change all of our lighting in common areas to LEDs to increase light levels and reduce the cost of electricity. They did not obtain the . . .
I attended a couple of large company Zoom AGMs and admired the way a dedicated software platform helped the meeting to run smoothly and report in real time. I’m curious if you have heard of any software vendors targeting AGMs for the smaller residential-building market. Stephen Wittman, Vancouver There are several platforms and services available to the public, such as Skype, Microsoft Teams, Google Meetings and Zoom. CHOA has test-run other platforms that claim to have the solutions, but they are either too costly or do not provide any better services. The challenges for most platforms are the same. How do we integrate the use of the format with the requirements of the Strata Property Act and bylaws of each strata corporation for registration, proxies and voting?
No simple solutions to skyrocketing condo insurance costs, report finds
A Crown corporation that regulates British Columbia s private-sector insurance companies says an average 40 per cent increase in condo insurance premiums resulted from various factors, including risks that insurers face from earthquakes, wildfires and flooding.
Social Sharing
The Canadian Press ·
Posted: Dec 18, 2020 3:15 PM PT | Last Updated: December 18, 2020
A final report from B.C. s Financial Services Authority suggests there is no end in sight to skyrocketing insurance prices for condos. (Maggie MacPherson/CBC)
Camille Bains
Image Credit: THE CANADIAN PRESS/Darryl Dyck December 18, 2020 - 7:00 PM VANCOUVER - A Crown corporation that regulates British Columbia s private-sector insurance companies says an average 40 per cent increase in condo insurance premiums resulted from various factors including risks that insurers face from earthquakes, wildfires and flooding. The BC Financial Services Authority said in a report Friday that risks related to catastrophic events, some involving climate change, have put additional pressure on insurance companies profitability, impacting premiums and deductibles in parts of Canada and globally. However, it said in a final report that the issues involved are complex and there are no simple solutions, so consumers should not expect short- or medium-term relief from further price increases.
No easy solutions to complex problem of high condo insurance premiums, B C report says theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.