XPost: van.general, vic.general, nanaimo.general   
   XPost: bc.general   
   From: Panca@nyet.ca   
      
   B.C. insurance rates rising after Alberta floods   
      
   Businesses as well as homeowners are starting to feel the pinch   
      
      
   The ripples from last year's devastating floods in Alberta are making their   
   presence felt in B.C. as insurance companies pass on their costs with higher   
   premiums.   
      
   And homeowners faced with a hike in rates can expect to be hit twice — as   
   local   
   businesses pass on the cost of their own higher premiums by pushing up the   
   prices of their goods and services.   
      
   Richard Truscott with the Canadian Federation for Independent Business says his   
   members are feeling the pinch.   
      
   "Those costs can really add up for a small business, especially ones that are   
   struggling, or marginally profitable, or start ups."   
      
   Truscott told CBC News that the higher premiums could lead to reduced hours or   
   even layoffs for staff, as well as higher costs for consumers.   
      
   But that will be a double hit for homeowners, who are already paying hundreds   
   of dollars more on their premiums, especially landlords who aren't able to pass   
   on the costs to tenants.   
      
   David Hutniak with Landlord BC says because of rent control, landlords are   
   stuck shouldering the increase.   
      
   Hutniak says his members end up having to weigh higher deductables or less   
   coverage in order to afford the higher premiums.   
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   	http://www.cbc.ca/news/canada/british-columbia/b-c-insurance-ra   
   es-rising-after-alberta-floods-1.2823587   
      
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