BC Financial Services Authority responds to hike in strata insurance premiums in an email to CTV News Vancouver:
As British Columbia’s independent financial services regulator, the BC Financial Services Authority monitors the marketplace closely. We are also in constant contact with our regulatory partners.
We have received a small number of enquiries from the public and industry related to recent increases in strata insurance costs. While specific product pricing is a matter for the insurance industry, we are monitoring the situation carefully and invite the public and industry to contact us with any specific concerns. Continue reading →