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April 21, 2021 10:30 AM - 11:30 AM
Duration: 1 hour
Show(s): PM Springfest
Stream(s): Apartment & Condominium Management
Session Code: A101
News of skyrocketing premiums and uncertain future coverage for some condos highlights the need for greater insurance awareness. This expert panel will discuss the trends and outline best practices for mitigating impacts and risks to your condo.
Attend this session to understand: what’s happening in the insurance marketplace; how standard unit bylaws work and why they still matter; the impact of changes to the Condo Act on recovering insurance deductibles; why accurate, timely appraisals are a must, and how they impact premiums; how to improve your condo’s insurance position; and more.
Client Executive - BFL CANADA Risk and Insurance Services Inc
Stephen Skolny is a client executive at BFL Canada, and specializes in residential and commercial realty. BFL has 18 offices across Canada and is a Canadian owned and operated company. Stephen holds the R.I.B.O. and C.A.I.B. designations and is actively involved with the Association of Condominium Managers of Ontario (ACMO) and Canadian Condominium Institute, Toronto and Area Chapter (CCI-T).
Director Brilliant - Property Management
Eric Plant has been a board member since 2010, and is one of the founding directors of Brilliant Property Management. Eric began his career in property management when the building in which he lives went through a period of mismanagement, leading to a multi-million dollar loan. What started as a term on the board eventually led to a condominium management company that helps communities navigate some of the more difficult projects and financial issues. In his past life, Eric ran a wilderness adventure company in Ontario and the Yukon. When he is not crunching numbers and attending board meetings, he can be found paddling a canoe in Algonquin Park.
Manager, Business Development - Suncorp Valuations Ltd.
Vic Persaud is a Manager of Business Development for Suncorp Valuations, one of the largest appraisal firms in Canada. Suncorp appraises over 1,000 condominiums annually to establish the current replacement cost for insurance placement purposes. Vic is on the board of directors for CCI Toronto, has been a moderator and speaker at past Condo Conferences and has written articles for CondoVoice (CCI-Toronto) and CM Magazine (ACMO).
Principal - Common Ground Condo Law
Chris Jaglowitz launched Common Ground Condo Law in January 2020, after practising condominium law and dispute resolution in Toronto for 16 years. Chris serves condo communities across Ontario by helping condo boards and managers navigate tricky situations with practical, economical solutions. When disputes aren't nipped in the bud, Chris represents condo corporations in mediation and arbitration proceedings and in the Superior Court of Justice. Chris is also a neutral arbitrator of condo disputes. Chris assisted the Ontario Government's review of the Condo Act from 2012 to 2014 by sitting on its working groups and expert panel, leading to Bill 106, the Protecting Condominium Owners Act, 2015. Much work still needs to be done and Chris remains active in recommending improvements.