Changes to our earthquake coverage -BC
February 02, 2023
Personal Lines
We're making updates to our earthquake coverage in BC effective March 1, 2023 for new business and April 29, 2023 for renewals.
As indicated in our communication on September 28th, we have reviewed our approach to earthquake to ensure we can provide long-term, sustainable capacity to our BC brokers while aligning with the evolving competitive landscape. As a result, we’re making the following changes effective March 1, 2023, for new business, and April 29, 2023, for renewals.
What’s changing
- We are aligning our earthquake deductible options with the market to support affordability and availability of coverage for earthquake:
- 15%, 17% and 20% deductible options for earthquake will be available.
- Higher risk zones will be limited to a 20% earthquake deductible.
- Earthquake coverage zone definitions have been changed for certain FSAs to better align with their risk exposure.
Our quoting vendors have been updated and will reflect these changes beginning February 13, 2023.
Please speak to your Business Development representative should you have any questions.
What’s the latest?
Streamlining geocoding for Personal Lines and IRCA
April 18, 2025
We listened to your feedback and are improving our geocoding process. Say goodbye to geocode errors and hello to a more efficient and easier way to bind business with us.
Navigating the rising tide of catastrophes– Understanding your binding authority
Commercial Lines, Personal Lines
April 14, 2025
As catastrophic events like flooding, wildfires, and earthquakes occur more frequently, familiarize yourself with your broker binding authority in these cases.