The growth of the mass timber construction industry in Canada is being slowed by persistent high insurance rates on wood-frame buildings that are six to 10 times higher than those for conventional steel and concrete structures. That is the conclusion of the Climate Smart Buildings Alliance (CSBA), which is actively working to convince insurers to revise their pricing policies toward mass timber buildings that carry a low carbon footprint. CSBA director David Messer said, “Mass timber buildings are new on the construction landscape and the lack of data complicates the task of insurance companies in assessing actuarial risk and deciding how risky mass timber buildings are to insure.” …In May the CSBA teamed up with the Canadian Wood Council and assembled 40 leading insurance and building industry executives to launch the Mass Timber Insurance Action Plan to provide a comprehensive framework for risk data collection, assessment and evaluation.