Provincially Backed Affordable Home Insurance

Whereas residents in high-risk areas of British Columbia increasingly struggle to secure affordable home insurance as a result of more frequent and severe natural disasters driven by climate change, contributing to financial hardship, widening economic inequality, and undermining community stability; And whereas cooperative models such as the Municipal Insurance Association of British Columbia MIABC have proven the effectiveness of member-owned solutions in filling the gaps left by private insurers: Therefore be it resolved that UBCM call on the Province of British Columbia to establish a provincially backed insurance entity designed to offer affordable home insurance for those unable to obtain coverage from the private market.