Changes need to be made to the current property insurance product for it to be sustainable, especially in the wake of major flooding in Alberta, several industry participants agreed during a recent event held by the Insurance Brokers Association of Alberta (IBAA).
On Sept. 12, the group held a forum on property insurance in Edmonton, bringing together stakeholders from across the country.
Participants represented insurance companies including Aviva, Economical, Intact, Peace Hills, SGI, The Dominion, and Wawanesa, the IBAA, the Canadian Independent Adjusters’ Association, Alberta Insurance Council, Insurance Bureau of Canada, Institute for Catastrophic Loss Reduction, and Alberta Finance.
Canadian Underwriter.ca – September 25, 2013.
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