Bid for taller wood structures raises red flag for one insurer

Given a recent movement afoot to increase height limits for wood frame buildings in Canada, property insurance underwriters need to be wary of writing risks for such structures, an expert with one insurer notes.

A private members’ bill (Bill 19) tabled on March 22 would allow wood frame buildings up to 14 storeys in Ontario. Sponsored by Progressive Conservative MPP Vic Fedeli, the bill comes four years after Ontario raised the height limit on wood frame buildings to six storeys from four storeys. Fedeli’s bill aims to create jobs in Northern Ontario and to reduce construction costs.

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