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The McDougall Creek wildfire in West Kelowna, B.C. News CatastrophesClaimsClaims CanadaClimate ChangeInsurance

NDP introduces disaster management bill as B.C. legislature opens

October 3, 2023 by The Canadian Press

VICTORIA – New disaster management legislation has been introduced in British Columbia on the first day of the fall legislative session that will see four official parties in the chamber. Emergency Management Minister Bowinn Ma said Tuesday the legislation will…

High end, ultra-modern manufacturing facility News BrokersClaimsInsuranceTechnology

Tips for insuring properties worth more than $500 million

October 2, 2023 by Philip Porado

Coverage for high-value real estate, defined as sites worth $500 million or more, is often based as much on how those sites are used as on the physical assets themselves. Multi-use sites, where activities like manufacturing, distribution, logistics and management…

Stylish micro apartment for one News ClaimsClaims CanadaInsuranceMarkets / Coverages

Are your tenant insurance clients fully covered?

September 29, 2023 by Jason Contant

Tenant insurance premiums in Ontario rose nearly 9% year-over-year, according to a recent blog from rate aggregator Even though tenant insurance is one of the most cost-friendly coverages available, many renters take out the minimum coverage of $30,000 for…

Officials speak with McDougall Creek wildfire evacuees. News ClaimsClaims CanadaInsurance

State of emergency lifted 1.5 months after McDougall Creek wildfire

September 29, 2023 by The Canadian Press

WEST KELOWNA, B.C. – Central Okanagan Emergency Operations has lifted the state of local emergency in West Kelowna, B.C., more than a month after the McDougall Creek wildfire devastated the area. It says it has also rescinded all remaining evacuation…

Cybersecurity concept with hacker working on a code News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / Coverages

Cyberattacks hit Canadian military, Parliament websites

September 28, 2023 by The Canadian Press

OTTAWA – The federal government is coping with apparent cyberattacks this week, as a hacker group in India claims it has sowed chaos in Ottawa.   The Canadian Armed Forces says that its website became unavailable to mobile users midday Wednesday,…

Forest fire in Kootenay, B.C. News ClaimsClaims CanadaInsuranceMarkets / Coverages

Fire danger drops as cooler weather eases B.C.’s wildfire season

September 27, 2023 by The Canadian Press

VANCOUVER – The British Columbia Wildfire Service says the fire danger rating across most of the province has dropped to low or very low as cool, damp fall weather arrives. The wildfire service says there have been no new fires…

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Why this address misrepresentation ruling was set aside

September 27, 2023 by Jason Contant

Ontario’s Licence Appeal Tribunal (LAT) erred in law when ruling it had to rely solely on the Statutory Accident Benefits Schedule (SABS) and had no jurisdiction to award equitable remedies under the Insurance Act, a provincial court has found.  In…

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What’s contributing to rising auto premiums in Alberta?

September 26, 2023 by Jason Contant

Litigation costs stand out as a major contributor to premiums drivers pay in Alberta, according to a new report from accounting firm MNP. Legal costs in Alberta’s auto insurance system have risen 31% since 2018 and account for roughly 20%…

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What it will actually take to reduce human error in cyber security

September 26, 2023 by Alyssa DiSabatino

Humans are still the weakest link when it comes to cyber security, but preventing simple slip-ups means creating a workplace culture where employees are comfortable raising their security concerns, one expert shared. Human error is consistently a major driver in…

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Brokers: Is your client’s dog “friendly?”

September 25, 2023 by David Gambrill

When two dog owners pass each other while walking their dogs, it is common to hear one ask of the other’s dog, “Friendly?” Perhaps that’s what personal lines home insurance brokers should be asking their dog-owning clients, since lawsuits against…

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Environment Canada warns B.C. coast to prepare for heavy winds, rain

September 25, 2023 by Jason Contant

Rain and a wind storm are expected for much of British Columbia’s coast, bringing gusts as strong as 110 kilometres per hour.   Environment Canada warnings cover both northern and eastern Vancouver Island, as well as Victoria, portions of the Sunshine…

Warning of ransomware detected on machine News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / CoveragesTechnology

Why your cyber clients need to keep an eye on ransomware 

September 25, 2023 by Jason Contant

Canada was the third most affected country in the world for successful ransomware-as-a-service (RaaS) and extortion attacks in the first and second quarters of 2023, said a report from cybersecurity company Trend Micro.  The report, LockBit, BlackCat, and Clop Prevail…