Canadian Underwriter

Topic Alberta

Person handing a stack of money toward the camera as a form of insurance salaries
News AlbertaB.C.BrokersCommercialCommercial AutoInsurersManitobaOntarioPersonal AutoPersonal HomeQuebecSaskatchewan

What commercial and personal lines brokers make in 2024

March 18, 2024 by Alyssa DiSabatino

Across the country, commercial lines property and casualty insurance broker executives and commercial lines team leads and managers make more money on average than their personal lines counterparts, Impact Recruitment’s newest data shows.  The second iteration of Impact’s annual Insurance

Much of Nova Scotia paralyzed following snowstorm
News AlbertaB.C.BrokersCatastrophesClaimsClaims ProfessionalsEmerging RisksEnvironmentalInsurersNova ScotiaPersonal HomeQuebec

How winter storms tally this year compared to last

March 15, 2024 by Alyssa DiSabatino

Maritimers were digging out for days after historic levels of snowfall dropped atop Nova Scotia and P.E.I. in early February.   The multi-day storm produced nearly 5 feet of snow in Cape Breton, N.S. Then about two weeks later, Nova Scotians

The McDougall Creek wildfire in West Kelowna, BC.
News AlbertaB.C.CatastrophesClaimsEmerging RisksEnvironmentalInsurersLoss ControlLoss Trends

Night once brought firefighting reprieve, but no longer, Canadian study shows

March 13, 2024 by Brenna Owen - The Canadian Press

BRITISH COLUMBIA — The darkness of night has traditionally signalled reprieve for wildland firefighters, but a new Canadian study shows that’s changing, and drought is the driving force. The availability of bone-dry fuels is the key mechanism promoting extreme fire

Blizzard in city. Winter weather. Deep snow
News AlbertaB.C.CatastrophesClaimsInsurersManitobaSaskatchewan

What Western Canada’s deep freeze cost insurers

March 11, 2024 by David Gambrill

Canada’s property and casualty insurers rang in 2024 by paying out $180 million to repair damage caused by Western Canada’s deep freeze in mid-January. Insurance Bureau of Canada (IBC) released the figure Monday, which is based on industry claims totals

Edmonton City Hall
News AlbertaClaimsClaims Canada ArchiveCommercialLegalProperty

Edmonton City Hall attack supports terror charges: RCMP 

March 7, 2024 by The Canadian Press

Mounties say they believe an attack on Edmonton City Hall in January was politically motivated, meaning it reaches the legal threshold for terrorism charges.  Supt. Glenn Sells of the RCMP’s national security team said Tuesday that officers had seized an

Aviva Canada's 2023 financial results
News AlbertaCatastrophesClaimsClaims Canada ArchiveCommercialInsurersLoss TrendsManagementOntarioOperationsPersonal AutoPersonal HomeSupply Chain

How Aviva Canada fared in 2023

March 7, 2024 by Jason Contant

Aviva Canada ended 2023 with an undiscounted combined operating ratio (COR) of 95.3% and double-digit growth in gross written premiums, despite challenging market conditions that included increased weather-related losses and heightened auto theft.  The undiscounted ratio for 2023 was up

Blue double exposure of money coins stacking with bar graph for financial and investment business concept.
News AlbertaB.C.CatastrophesClaimsInsurersLoss ControlLoss Trends

Why Co-operators posted an underwriting loss in 2023

February 26, 2024 by Alyssa DiSabatino

Co-operators General Insurance Company reported an annual underwriting loss of $184 million in 2023.   This figure, which excludes discounting and risk adjustment, accounts for “a decline of $356.2 million from the underwriting gain of $171.3 million in the same period of 2022.”  Discounted estimates

Alberta and Canada flags
News AlbertaInsurersPersonal Auto

Intact CEO’s take on fear of auto rate cap contagion

February 23, 2024 by David Gambrill

Intact CEO Charles Brindamour does not anticipate Alberta’s auto rate cap will bleed over into Ontario’s private auto insurance sector. “There’s always a risk,” Brindamour told Mario Mendonca, managing director of equity research at TD Cowen, during a fireside chat

A fourplex destroyed by a wildfire at Sturgeon Lake Cree First Nation.
News AlbertaCatastrophesClaimsClaims Canada ArchiveEnvironmentalPersonal Home

Warm and dry weather prompts Alberta to declare an early start to wildfire season

February 21, 2024 by The Canadian Press

EDMONTON – The Alberta government has declared an early start to the 2024 wildfire season in the face of low snowpacks and forecasts of dry weather to come. Alberta Forestry and Parks Minister Todd Loewen said Tuesday the season is

Construction of the Trans Mountain pipeline
News AlbertaB.C.ClaimsClaims Canada ArchiveCommercialConstructionEnvironmental

Regulator calls out Trans Mountain for ‘environmental non-compliance’ in B.C.

February 12, 2024 by The Canadian Press

CALGARY – The company building the Trans Mountain pipeline expansion has been cited for environmental non-compliance related to its management of recent flooding in B.C. The Canada Energy Regulator said Thursday its inspection officers found issues near Abbotsford, B.C., where

Burnt out trucks from a wildfire in Drayton Valley, Alta. in May 2023
News AlbertaCatastrophesClaimsClaims Canada ArchiveEmerging RisksEnvironmentalPersonal Home

Alberta to add firefighters for expected busy wildfire season: minister

February 9, 2024 by Bob Weber – The Canadian Press

Alberta will field more firefighters, more volunteers and more high-tech gear as it braces for what it expects will be another busy wildfire season, the province’s forestry minister said Thursday. And as the province faces a summer of possibly severe

Group of businesspeople around a table
News AlbertaB.C.BrokersHRManagementMergers and AqcuisitionsOntarioOperations

Brokerage looking to expand outside home province

February 9, 2024 by Jason Contant

British Columbia-based brokerage AMC Insurance Services Ltd. is looking to expand outside its home province, the brokerage’s vice president told Canadian Underwriter recently. “We realized in our core business strategy that if we want to continue to be a provider