Topic
Claims
Few B.C. wildfire claims thus far, although situation remains fluid
August 20, 2018 by Jason ContantAlthough property damage as a result of the wildfires in British Columbia has been “light” so far this year, the industry must remain vigilant as this could change quickly, said Glenn McGillivray, managing director of the Institute for Catastrophic Loss…
Ontario sees 1,000 forest fires so far this year, double last year’s total
August 16, 2018 Gabriele Roy - THE CANADIAN PRESSBRITT, Ont. – From a helicopter flying over a smouldering swath of northeastern Ontario, Garry Harland has a clear view of where the firefighters under his command are working to extinguish a massive blaze that’s become known as Parry Sound…
How much this province’s “historic” flooding will cost the industry
August 14, 2018 by Jason ContantSpring flooding in New Brunswick may have been “historic” and “record-setting,” but it didn’t meet the $25-million threshold of a catastrophe event. Catastrophe Indices and Quantification (CatIQ) told Canadian Underwriter Monday the flooding was a “notable event,” meaning it caused…
Insurer’s quote on a home rebuild leads to lawsuit between homeowner and contractor
August 14, 2018 by Greg MeckbachAfter her home burnt down, a homeowner tried to get the proposed rebuild to fit the quotation of an insurer, contributing to a breakdown in the relationship between the homeowner and the contractor. The dispute led to a lawsuit to…
Regulator allows adjuster to co-own a moving company that sells to insurers
August 9, 2018 by David GambrillIn a clear conflict of interest case, the Insurance Council of B.C. has allowed an insurance adjuster who co-owns an adjusting firm with his wife to double as a minority owner in a moving and storage company that sells its…
Flood report: The city that saw a month’s worth of rain in under three hours
August 8, 2018 by Jason ContantA “pocket storm” that dumped a month’s worth of rain on the City of Toronto in less than three hours Tuesday night has resulted in mostly sewer back-up and flooding claims, with few commercial losses, according to claims adjuster ClaimsPro.…
Wildfires ravage 30-45% of structures in B.C. community
August 8, 2018 The Canadian PressVANCOUVER – Wildfires have ravaged 27 structures in Telegraph Creek, representing 30 to 45 per cent of buildings in the small northwestern British Columbia community, officials say. Tahltan Band Chief Rick McLean said in a video posted to Facebook on…
Frustration after emergency alerts not received before deadly Manitoba tornado
August 7, 2018 The Canadian PressALONSA, Man. – Residents are frustrated they didn’t receive emergency alerts on their cell phones before a strong tornado tore through a small Manitoba community on Friday. The EF4 tornado moved through the Rural Municipality of Alonsa on Friday night…
New Brunswick receives federal aid following spring flooding
August 2, 2018 The Canadian PressFREDERICTON – New Brunswick is getting $39 million from Ottawa as it continues to recover from this spring’s historic floods. The province says the federal money will help cover response and recovery costs. In a news release, Deputy Premier Stephen…
Residents leave homes as Ontario forest fires burn
August 1, 2018 Gabriele Roy - THE CANADIAN PRESSKILLARNEY, Ont. – While heavy grey smoke from a nearby forest fire hung in the air, Donna Butson packed a bag of clothes and walked in her backyard with tears running from her eyes. She is one of many residents…
One easy way for retailers to manage cyber risk
July 30, 2018 by Greg MeckbachRetailers can reduce cyber liability risk if managers know exactly where computer files containing sensitive information is stored. Many retailers are “expanding their digital footprints” and storing personal information – such as customers’ names and addresses – on computers, noted…
Will the Maritimes be insurable if climate change left unchecked?
July 29, 2018 by Jason ContantThe financial costs of flooding in the Maritimes could increase dramatically by the end of the century under a “business-as-usual climate scenario,” even without accounting for changes people have made to the environment that could increase exposure, according to a…