Keyword
British Columbia
Turo launches car-sharing marketplace in B.C., partners with car rental entrepreneurs
October 3, 2017 by Canadian UnderwriterTuro, which connects local car owners with travellers looking for adventure and in need of a vehicle, has expanded its car-sharing marketplace into British Columbia. To address provincial insurance regulations, the company has structured the expansion by partnering with local,…
belairdirect launches app to reward good drivers in Alberta and B.C.
September 27, 2017 by Canadian Underwriterbelairdirect announced on Tuesday that it is launching a new app to help reward good drivers in Alberta and British Columbia. The automerit app assesses customers’ driving skills, helping them save on their insurance premiums through a discount, while providing…
B.C.’s wildfire-related state of emergency expires
September 18, 2017 by Canadian UnderwriterBritish Columbia’s wildfire-driven provincial state of emergency expired at midnight (Pacific time) on Friday, the province’s Ministry of Public Safety and Solicitor General has reported. The state of emergency was declared on July 7 and extended four times over the…
Hub International acquires Integro (Canada) Ltd.
September 8, 2017 by Canadian UnderwriterHub International Limited announced on Friday that is has acquired P&C brokerage Integro (Canada) Ltd. Terms of the acquisition were not disclosed, Hub noted in a press release. With offices in British Columbia, Ontario and Quebec, Integro Canada is a…
Distracted driving results in more deaths in B.C. than impaired driving: ICBC
September 6, 2017 by Canadian UnderwriterDistracted driving continues to claim more lives on roads in British Columbia than impaired driving, the Insurance Corporation of British Columbia (ICBC) said in a press release on Wednesday. Despite tougher penalties, more police enforcement and continued public education, on…
“Drastic action” needed to address ICBC ails, remedy hefty rate hikes
September 6, 2017 by Canadian UnderwriterThe British Columbia government has taken the reins to protect drivers and address mounting financial concerns at the Insurance Corporation of B.C. (ICBC), including by limiting rate increases that threatened to reach double-digits. “Drastic action is needed to fix ICBC’s…
Shifting Landscape
September 5, 2017 Justin Moresco, Senior Product Manager, RMSAfter a shaky start, earthquake is steadily gaining profile among stakeholders from governments to policyholders about the risk and the importance of having plans in place. Nowhere in Canada is awareness higher than on the west coast of British Columbia, which abuts the ring of fire. But even there, a shift in thinking is under way as to what areas could produce the largest insured losses should a quake occur.
Huge wildfires in B.C. could smoulder until next spring, says official
September 1, 2017 The Canadian Press (CPSTF)WILLIAMS LAKE, B.C. – A municipal leader in British Columbia’s central Interior says he wouldn’t be surprised if wildfires that have chewed through more than 10,600 square kilometres of woodland won’t be fully out until 2018. Chairman Al Richmond of…
Evacuees return home near Kelowna, B.C., as wildfire continues to burn
August 28, 2017 The Canadian Press (CPSTF)KELOWNA, B.C. – Hundreds of people forced from their homes by a wildfire burning east of Kelowna, B.C., have been allowed to return, but others remain displaced. The Central Okanagan Regional District said an evacuation order for 263 properties was lifted Sunday morning and about 600 residents are now allowed to go home.
About 400 other residents remain under evacuation order due to the flames, and people who have been allowed to return will remain on evacuation alert, meaning they must be prepared…
Making ICBC a co-op one option for B.C., competition must be part of any option selected: taxpayers federation
August 25, 2017 by Canadian UnderwriterThe British Columbia government has options at its disposal to address auto insurance problems in the province – ranging from leaving the Insurance Corporation of B.C. (ICBC) to shuttering the insurer – but all should include reintroduction of competition, concludes a new report commissioned by the Canadian Taxpayers Federation (CTF). CTF argues that “fast and furious changes” are needed in light of the “looming 30% hike to car insurance,” a figure noted in an Ernst & Young LLP (E&Y) report made public last month. Among its many observations, the…
Wawanesa names Chris Henn as president of U.S. operations
August 24, 2017 by Canadian UnderwriterWawanesa Mutual Insurance Company, one of the largest property and casualty insurers in Canada with a growing presence in the United States, announced on Thursday that Chris Henn has been appointed president of its U.S. operations effective Aug. 31. Prior…
B.C. Green Party leader to re-introduce ridesharing legislation in the fall
August 22, 2017 by Canadian UnderwriterThe leader of the BC Green Party said on Monday that he will re-introduce legislation this fall to enable ridesharing in the province.
Andrew Weaver said in a press release that he has twice introduced the Ridesharing Enabling Act, once in April 2016 and again in February 2017.
“All parties want to see B.C. be a leader in the emerging economy,” Weaver said in the release. “To do so, government must take a proactive, responsive approach that considers the wide ranging impacts of technological innovation. Vancouver is the largest…