Canadian Underwriter

Topic Alberta

Megaphone signifying an announcement
News AlbertaB.C.BrokersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.SaskatchewanYukon

Key industry association names new board members and executives

September 29, 2022 by Canadian Underwriter Staff

New board of directors members and executive officers were named by the Insurance Brokers Association of Canada (IBAC) following confirmation of those appointments Sept. 22 during the association’s annual general meeting in St-Andrews-By-The-Sea, N.B. The executive committee will now be

Threads intertwining to represent mergers of eight companies
News AlbertaB.C.BrokersBusiness InterruptionCommercialCommercial AutoConstructionCyberEnvironmentalHRLegalLiabilityManitobaMergers and AqcuisitionsMGAsOntarioOperationsPersonal AutoPersonal HomePropertyTrusted Advisor

Which firm racked up 8 mergers over the summer?

September 28, 2022 by Canadian Underwriter Staff

Brokerage M&A has been hectic so far in 2022, with one firm bringing eight brokerages across Canada under its wing during the summer. Navacord today announced it closed eight acquisitions during July and August that expands the company’s presence in

Group of diverse businesspeople following a merger
News AlbertaB.C.BrokersCommercialHRManagementMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal HomeYukon

CapriCMW and Rogers Insurance announce merger

September 20, 2022 by Jason Contant

British Columbia-based CapriCMW and Alberta-based Rogers Insurance have announced that they have merged and will be known as Acera Insurance. The merger will create a company with 1,000 employees located in more than 50 offices across Alberta, B.C., Ontario and

News AlbertaB.C.CatastrophesClaimsEmerging RisksEnvironmentalInsurersSaskatchewan

Here’s how much western Canada’s summer storms cost the industry

September 20, 2022 by Alyssa DiSabatino

Six summer storms across western Canada in July and August will cost the industry approximately $900 million in insured damages — meaning the industry is almost halfway to last year’s total insured damages of $2 billion from these events alone.

Jasper National Park with forest fires
News AlbertaClaimsEnvironmental

Power restored to Jasper, Alta., after national park wildfire caused outage days ago

September 15, 2022 by The Canadian Press

JASPER, ALBERTA – Parks Canada welcomed visitors back to Jasper National Park Wednesday after power was restored to the townsite that was knocked out by a wildfire north of the community earlier this month.   “With the restoration of transmission power

Industrial equipment at an LNG plant in Calgary
News AlbertaB.C.CommercialEmerging RisksEnvironmentalSupply Chain

A bridge to nowhere: Natural gas will not lead Canada to a sustainable energy future

September 14, 2022 by The Canadian Press

By Amy Janzwood, SSHRC Postdoctoral Fellow, Department of Political Science, University of British Columbia and Heather Millar, Assistant Professor, Department of Political Science, University of New Brunswick – THE CONVERSATION This article was originally published on The Conversation, an independent

Oil sands oil being held by a field worker
News AlbertaBrokersCommercialInsurers

Alberta’s captive insurance option gets another boost

September 12, 2022 by Philip Porado

New Alberta legislation allowing captive insurance companies to set up and domicile in the province has started to bear fruit. Insurance and reinsurance broker BMS is launching BMS Captive Insurance Services. The Alberta-based division will provide strategic advisory services and

Oil pump at oil sands well head
News AlbertaBrokersCommercialEnvironmentalInsurers

3 ways brokers can help oil and gas companies maintain coverage

September 6, 2022 by Philip Porado

Brokers with clients in the oil and gas industry are closely watching statements by insurers announcing intentions to exit from coverage of Canada’s oil sands. Those insurers, like many other companies globally, are under intense pressure from consumers and governments

two miniature white houses resting in a puddle outside
News AlbertaB.C.InsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.QuebecSaskatchewanYukon

Feds’ task force reveals preferred flood insurance models

August 30, 2022 by Alyssa DiSabatino

A federal government task force on flood insurance is leaning toward the public insurer and layered public insurer models of flood insurance programs for Canada. The public insurer model features a Crown corporation that underwrites comprehensive flood insurance through the

a man holds a green beer bottle in one hand and the steering wheel of his car in the other
News AlbertaInsurersNova ScotiaOntarioPersonal AutoSaskatchewan

Number of impaired drivers issues alarm bell for insurer

August 29, 2022 by Alyssa DiSabatino

Saskatchewan Government Insurance statistics show a record this year in impaired driving offences.  The province’s law enforcement stopped 497 impaired drivers, including 292 drivers who were charged with Criminal Code offences this July, according to SGI’s Traffic Safety Spotlight.  “While

Tanker carrying liquified natural gas from Canada
News AlbertaB.C.CommercialEmerging RisksEnvironmentalInsurersNewfoundland & LabradorNova Scotia

Will insurers find opportunity in Europe’s need for Canadian LNG and hydrogen?

August 26, 2022 by Philip Porado

Canadian insurers have a future opportunity to cover the infrastructure required for hydrogen energy products, commercial insurance brokers say. For example, if Europe wants its efforts to reduce dependence on Russian natural gas supplies to be successful, it will need

Smoke and fire burns through a dense evergreen forest
News AlbertaB.C.Emerging RisksEnvironmentalInsurersNWTSaskatchewan

Why B.C’s heat dome puts the industry on alert for wildfires

August 18, 2022 by Alyssa DiSabatino

A heat wave building across western Canada and the Prairies could worsen wildfires, which have already burned more hectares this year over last despite fewer fires to date, one industry expert observes. This week, Alberta, British Columbia and Saskatchewan will