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The Guarantee launches two new water endorsements

March 28, 2017 by Canadian Underwriter

The Guarantee Company of North America has announced two water endorsements, which came into effect on Monday for new businesses and on May 23 for renewals. The GUARANTEE GOLD H2O+ and Guarantee SUPERIOR H2O+ endorsements are comprehensive, read-in coverage that

News CatastrophesInsurancePersonal Lines

Landslide alert issued in same B.C. community where four were killed in 2012

March 28, 2017 The Canadian Press

JOHNSONS LANDING, B.C. – A tiny British Columbia community where four people were killed in a landslide almost five years ago has been warned of another possible slide. An evacuation alert has been issued for residents of Johnsons Landing on

News CatastrophesClimate ChangeCommercial LinesInsurancePersonal LinesReinsurance

Global insured losses from disasters up 42%, economic losses almost double in 2016 over 2015: Swiss Re

March 28, 2017 by Canadian Underwriter

Both economic and insured losses from natural catastrophes and man-made disasters in 2016 were the highest since 2012 – reversing a four-year downtrend – amounting to US$54 billion and US$175 billion, respectively, notes the latest sigma study from the Swiss

News InsuranceLegalLegislation / RegulationPersonal Lines

Supreme Court of Canada bars lawsuits against hospital, police by auto accident victims compensated by SAAQ

March 27, 2017 by Canadian Underwriter

An auto accident victim who is compensated by Quebec’s public automobile insurance plan cannot sue a third party for an “aggravated” or “separate” aspect of the injury, provided there is a “plausible, logical and sufficiently close link” between the accident

News InsuranceLegalMarkets / CoveragesPersonal Lines

Nearly 400 motorists caught for failing to buckle up in Saskatchewan in February: SGI

March 27, 2017 by Canadian Underwriter

Police issued 398 tickets for failing to wear a seatbelt or properly secure children in vehicles during last month’s traffic safety spotlight on occupant safety, Saskatchewan Government Insurance (SGI) reported on Monday. In February, law enforcement across the province were

News CatastrophesClimate ChangeCommercial LinesInsurancePersonal LinesReinsurance

Risk management overhaul necessary for cities to become more resilient to catastrophic events: report

March 27, 2017 by Canadian Underwriter

Officials for cities, investors and insurers will increasingly need to “build resilience within and between infrastructure systems as a complementary approach to address infrastructure risk and uncertainty,” argues a new report from Lloyd’s and Arup. “While risk management remains a

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Multi-line brokerage Andrew Agencies Ltd. announces acquisition of McCracken Insurance M.I.L. Ltd.

March 24, 2017 by Canadian Underwriter

Multi-line brokerage Andrew Agencies Ltd. announced on Thursday the acquisition of Airdrie, Alta.-based McCracken Insurance M.I.L. Ltd. Andrew Agencies will acquire McCracken Insurance on April 3, the former said in a press release. The new Airdrie location will be the

News CatastrophesCommercial LinesInsuranceLegislation / RegulationPersonal Lines

Present Canadian approach to wildland/urban interface fires requires “radical and sweeping strategic shift”: ICLR

March 23, 2017 by Canadian Underwriter

The present Canadian approach to wildland/urban interface fires requires a “radical and sweeping strategic shift,” the Institute for Catastrophic Loss Reduction (ICLR) said in a newly released report into the Fort McMurray wildfire. The final report was titled Why some

News CatastrophesCommercial LinesInsuranceMarkets / CoveragesPersonal Lines

B.C. government invests over $10.5 million in Fraser Valley flood mitigation

March 23, 2017 by Canadian Underwriter

The province of British Columbia has announced a $10.5 million investment in dike and pump upgrades to the Fraser Valley Regional District’s Nicomen Island diking system as part of more than $80 million in emergency preparedness funding announced on March

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LexisNexis Risk Solutions explores roadmap to “touchless” claims

March 22, 2017 by Canadian Underwriter

While some insurance carriers continue to favour traditional claims processes, the demand for faster cycle times, reduced expenses and improved customer satisfaction is driving increased automation and an eventual migration from virtual to “touchless claims,” according to a new report

News Commercial LinesInsuranceMarkets / CoveragesPersonal Lines

St. John’s, Nfld.-based brokerage Cal LeGrow Insurance joins Canadian Broker Network

March 21, 2017 by Canadian Underwriter

Canada’s network of independent insurance brokers, the Canadian Broker Network (CBN), announced on Tuesday that Cal LeGrow Insurance Ltd., from St. John’s, Newfoundland, has joined the network. “We are thrilled to have Cal LeGrow join CBN,” Lorie Phair, managing director

News InsuranceLegalPersonal Lines

Supreme Court of Canada could consider whether alcohol consumption is relevant in dangerous driving trials

March 21, 2017 by Canadian Underwriter

Canada’s highest court may consider whether a jury, in deciding whether a person is guilty of the criminal offence of dangerous driving causing death, should consider whether the accused had been drinking alcohol, if the accused was not convicted of