B.C. strata insurers to end 'best terms pricing' scheme by Jan. 1
Stratas and property owners stand to see major savings on insurance premiums when the practice of “best terms pricing” is eliminated at the end of this year.
However, those in the industry say the change is just one more step toward rehabilitating the strata insurance market in B.C., which was described as “unhealthy” in a recent B.C. Financial Services Authority interim report.