Topic Alberta
Key industry association names new board members and executives
September 29, 2022 by Canadian Underwriter StaffNew 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…
Which firm racked up 8 mergers over the summer?
September 28, 2022 by Canadian Underwriter StaffBrokerage 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…
CapriCMW and Rogers Insurance announce merger
September 20, 2022 by Jason ContantBritish 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…
Here’s how much western Canada’s summer storms cost the industry
September 20, 2022 by Alyssa DiSabatinoSix 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.…
Power restored to Jasper, Alta., after national park wildfire caused outage days ago
September 15, 2022 by The Canadian PressJASPER, 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…
A bridge to nowhere: Natural gas will not lead Canada to a sustainable energy future
September 14, 2022 by The Canadian PressBy 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…
Alberta’s captive insurance option gets another boost
September 12, 2022 by Philip PoradoNew 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…
3 ways brokers can help oil and gas companies maintain coverage
September 6, 2022 by Philip PoradoBrokers 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…
Feds’ task force reveals preferred flood insurance models
August 30, 2022 by Alyssa DiSabatinoA 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…
Number of impaired drivers issues alarm bell for insurer
August 29, 2022 by Alyssa DiSabatinoSaskatchewan 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…
Will insurers find opportunity in Europe’s need for Canadian LNG and hydrogen?
August 26, 2022 by Philip PoradoCanadian 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…
Why B.C’s heat dome puts the industry on alert for wildfires
August 18, 2022 by Alyssa DiSabatinoA 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…