Severe weather events caused insurance at some Alberta school districts to increase by more than 300% - News Summed Up

Severe weather events caused insurance at some Alberta school districts to increase by more than 300%


Drew Chipman, superintendent of corporate services for the school division, said two years ago it was paying $560,000 for insurance. Those school divisions are:The Battle River School DivisionChrist the Redeemer School DivisionAccueil Conseil scolaire Centre-NordFoothills School DivisionFort Vermilion School DivisionNorthland School DivisionHoly Family Catholic Regional School DivisionFort McMurray Roman Catholic Separate School DivisionFort McMurray Public School Division"Ours and some of the others [are seeing increases] due to the floods in 2013. McFayden said over the last few years, the insurance market has continued to harden. "Providing financial support to these school boards will help them become insurable again in the future, ensuring that the facilities students attend will be safe and protected." But, de Pruis said residential properties located in the same places as the school divisions aren't seeing their property insurance rates climb at the same steep rate.


Source: CBC News November 20, 2020 12:13 UTC



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