A Victoria-based business owner is proposing changes to improve transparency within the insurance industry amid an eight-month claim process following a flood that nearly forced her to close her doors.
Sapphire Day Spa is awaiting a final insurance settlement due to a ruptured pipe on the roof of the View Street business on May 28, 2022.
Sherwood made the decision following the flood to pay her staff throughout the closures. She says she had requested an advance from her insurance company but it didn’t come until the end of August. "The insurance industry feels like now, to me, is that they’ve created this island where they are untouchable and so they don’t have to explain themselves and they don’t have to be really transparent," she said.CTV News has reached out to several resources and regulators within the insurance industry for comment.
The province said Finance Minister Katrine Conroy was not available for an interview Wednesday but promised a statement would come later in the day.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Victoria mother pleads guilty to murdering baby in 2015A Victoria woman has pleaded guilty to the second-degree murder of her infant daughter in 2015, the B.C. Supreme Court heard Monday.
Read more »
Victoria Royals salvage something from uneven road tripRoyals beat Rockets Sunday, now prep for weekend home games
Read more »
Letters Jan. 24: Maritime museum, Victoria's budget
Read more »
Two-time Australian Open champ Victoria Azarenka tops Jessica Pegula to advance to semi-finalsAfter the match, Victoria Azarenka opened up about how she managed to learn a new mindset by ‘trying to be neutral, not to go negative; accepting the anxiety that I have; accepting the fear that I have’
Read more »
Victoria curling team headed to national Brier cupA young curling team from Vancouver Island is hoping to become national champs at this year's Brier competition.
Read more »
Policy Speaking: The future of health care with Dr. Victoria Lee and Dr. Danielle MartinThis episode of the Policy Speaking Podcast is about one of the most pressing issues in Canadian politics today: what it will take to fix the health care system. Listen to the ppforumca's egreenspon along with DrVictoriaLeeFH and Dr. Danielle Martin.
Read more »