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Alberta government provides $15M a year for FireSmart program, up from $3.8M last year

April 17, 2017 by Canadian Underwriter

The Government of Alberta has announced it is providing $15 million a year for its FireSmart program, up from $3.8 million last year, to help communities boost their wildfire protection activities. FireSmart uses preventative measures to reduce wildfire threat to

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Government of Alberta boosts Calgary’s flood resilience with $13.4 million investment

April 12, 2017 by Canadian Underwriter

The Government of Alberta announced on Wednesday that it is investing about $13.4 million to help the City of Calgary boost its flood readiness. Six provincial grants are part of $63 million earmarked in Budget 2017 to help Alberta communities

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Ontario should adopt ‘multi-provider insurance system’ for new home warranties: Cunningham

April 3, 2017 by Canadian Underwriter

Warranties that new homes in Ontario are free from defects should be available from multiple providers and treated as insurance products, former judge J. Douglas Cunningham recommended in a recent report. Warranty coverage currently available from Tarion Warranty Corp. “should

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Openness to making homes, businesses resilient to severe weather encouraging: OMIA’s John Taylor

March 31, 2017 by Angela Stelmakowich

There are encouraging signs from government, municipalities and builders that resiliency needs to become part of building code conversations given that severe weather shows no signs of abating, suggested John Taylor, president and CEO of the Ontario Mutual Insurance Association

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

News InsuranceLegislation / Regulation

Government of Manitoba announces legislation to reduce red tape imposed on businesses, industry and local governments

March 20, 2017 by Canadian Underwriter

The Government of Manitoba has announced proposed legislation that would reduce outdated, contradictory, complicated or ineffective regulatory requirements imposed on businesses, industry and local governments, provincial Finance Minister Cameron Friesen said last week. Friesen said in a statement that the

News AssociationsCatastrophesClimate ChangeInsuranceReinsurance

IBC supports regional platform for disaster risk reduction outcomes, vows to continue working with government

March 15, 2017 by Canadian Underwriter

Insurance Bureau of Canada (IBC) has voiced the property and casualty industry’s continued support for efforts by the federal government to enhance disaster risk reduction and make communities more resilient. “Our industry remains committed to being a full partner with

News Commercial LinesInsuranceLegislation / RegulationTechnology

Ridesharing anticipated in B.C. by “end of 2017,” province unveils measures to help taxi industry modernize

March 8, 2017 by Canadian Underwriter

The government of British Columbia announced on Tuesday a series of improvements for the taxi industry in anticipation of “ride-sharing services coming to British Columbia by the holiday season at the end of 2017,” including improving certain insurance products, potentially

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New Jersey town: We’re not to blame in beach collapse death

December 22, 2016 Wayne Parry - THE ASSOCIATED PRESS

NORTH WILDWOOD, N.J. – A beach town being sued for the drowning death of a man swept out to sea when the sand collapsed underneath him says it is immune from such lawsuits due to a state law governing unimproved

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Some increased risks developing in surety space, but these can be managed: panel

November 14, 2016 by Angela Stelmakowich

The outlook for surety in Canada is healthy, but a number of developments are introducing increased risk that need to be taken into account and properly managed, speakers suggested during the Toronto Risk and Insurance Education Forum last week in

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Ontario set to reintroduce photo radar for municipalities

November 9, 2016 by Canadian Underwriter

Ontario Premier Kathleen Wynne has announced that she intends to introduce legislation that, if passed, would give municipalities the power to introduce automated speed enforcement (ASE) technology in school and community safety zones. According to a press release issued on

News AssociationsCatastrophesClimate ChangeCommercial LinesConstructionInsuranceLegislation / RegulationPersonal LinesReinsurance

Barely passable grade on flood preparedness demands immediate action: report

October 31, 2016 by Canadian Underwriter

All 10 Canadian provinces and Yukon are not making the grade when it comes to flood preparedness, signalling the need for change, including not allowing municipalities to override provincial or territorial direction on development in flood-prone areas, argues a new