The Mandatory Insurance Steering Committee (MISC) continues to work on determining the expected losses that could result from a Notifiable Avian Influenza (NAI) discovery. They have received Loss Quantification Models (LQM) for each sector from consultant Serecon, but need confirmed compensation models from Canadian Food Inspection Agency’s (CFIA) to complete the work.
At a meeting on October 19, the MISC decided to focus on mandatory insurance for cleaning and disinfecting only, rather than compensation for grower losses. They will continue to work towards fair and reasonable compensation from CFIA, but not make it part of the mandatory insurance review. The first report will be available for industry review and feedback on December 23, 2016 with subsequent reports posted by the end of January 2017. Click here for the committee’s updated workplan.
If you have any questions or comments regarding the work plan, please direct them to email@example.com.