Noce: Can condo board ditch water loss coverage to save on insurance?

Question 1:  I am on the board of our high-rise condominium building. The corporation’s insurance policy has come up for renewal. The quote on our new insurance policy is extremely expensive for our building. Our building has had a lot of water loss claims. To save costs, the board has decided to forego water loss coverage. Is this legal?

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Alberta To Restart Oil Lease Sales Despite Crisis

Alberta’s government plans to resume oil and gas lease sales by the end of the year to encourage companies to invest in the province, Alberta’s Energy Minister Sonya Savage told the Financial Post, while analysts warn that Canada’s oil-producing province may not get the best price for those auctions at a time when oil demand is still weak.

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