Month: August 2018

Earthquake Guideline (2013)

Background OFSI released a new guideline regarding earthquake coverage including PML in 2013.  It wasn’t stated in the guideline what prompted the notice, but OSFI was beginning to be concerned about insurers ability to pay earthquake claims. It resulted in a complete shakeup regarding earthquake exposures across Canada, but more specifically in BC.  Many insurers…

By c.boersma August 29, 2018 0