Thank you, Madam Chair. Thank you, Minister. As the Minister alluded to, the previous insurer for Yellowknife school boards was a collective of Alberta. I am sorry. I do not have the exact name, but it was the insurer that all Alberta school boards used across. For that class of asset, their five-year claims class was through the roof a lot due to weather-related issues, so we were experiencing costs through that body. That body has since been wound up, so Yellowknife school boards were left to go to the private market in order to seek insurance. We have been working hand in hand with them to, number one, identify potential solutions to help mitigate those premium costs, whether it be looking at the differences in deductibles and things of that nature, but trying to find the best way forward. They are unique in that they are funded privately as they are owned assets of the two education bodies, so we have been engaging with colleagues at the Department of Finance in looking at potential avenues through risk management there to try to spread this cost out as evenly as possible and to mitigate it as much as possible going forward. Thank you, Madam Chair.
Mr. Shannon on Committee Motion 75-19(2): Tabled Document 286-19(2): Main Estimates 2021-2022 - Finance - Deferral of Department (page 137), Carried
In the Legislative Assembly on February 9th, 2021. See this statement in context.
Committee Motion 75-19(2): Tabled Document 286-19(2): Main Estimates 2021-2022 - Finance - Deferral of Department (page 137), Carried
Consideration In Committee Of The Whole Of Bills And Other Matters
February 9th, 2021
Page 1869
Shannon
See context to find out what was said next.